Hi,
Now, that's a project and a half, for sure!
I know that kind. I have a 1950 standard 'M' that was in worse shape. It had been busted in half before being left to sit out behind the barn for years.
My dad and I fixed it in 1987. I say fixed, not restored, as we made all the original parts work again, including the snapped front-end support and both pistons with the tops caved in.
Yes, dad the machinist actually repaired the broken pistons. At the time, we figured that to be a temporary measure - get the thing running enough to find all the other problems and fix them, then go back to put in new pistons.
He did too good a job fixing the pistons, though. They're still in there, and I use that machine on a weekly basis still. The only issue is that the plugs he fashioned for the piston tops increased the compression to the point where I need to run premium fuel in it - regular will knock. No problem, though, as I use 100LL av gas or 100NL racing gas in most of my gas powered stuff as it stores a lot better than pump gas (no varnishing or stale issues).
Anyway, really enjoy this time working with your dad on such a project. After he's gone and you still have the machine, the fact you both worked on it will become very important. Especially every time you pull on that starter rod and it kicks off.
I have my dad's 420c alongside the M in the shed, but I get a much larger grin every time I start the M than I do when I start the 420. We spent much more time using the 420 than we did the M (he bought the 420 home in 1966), but it's the fact that we put that wreck of an M back together that makes the difference.
Looking good there. You having a start-up party when the time comes to pull on that starter rod for the first time?
later!
Stan