The good news - Oil pressure of 50 psi after only about 30 seconds of cranking. Just gotta be patient, man.
The rest of the news - Major oil leak in the area of the rear main oil seal that was not there when the engine came out. A few minutes after the engine has been cranked to establish oil pressure, oil starts dripping down the mounting plate from the block side. Yes, I did not change out the oil seal - it wasn't leaking (when the clutch went out)(well, maybe a little).
I decided to bleed the brakes and clutch before starting the engine. A good thing. The brake fluid was terrible looking. It probably needed changing a couple of owners ago, but no one bothered. Ran out of fluid when bleeding the clutch, which had leaked all its fluid out in the year of storage. When I stopped, the clutch travel at the clevis pin was about 1/8" - I think it should be more, but I forget what was written several months ago. I will go back and see if I can find the number from previous posts.
The engine and transmission may come out Labor Day weekend. At least this time it will be a lot cleaner to work on. I still have all the baggies with the labels on them. Practice makes perfect.
Thanks to Dave and Ed for the advice and encouragement.
Oh, to be as young as I think I am.