Older models are my area
Emphasize once again two points:
- data management card and installation media ( paper tape or 3,5" disks ); Check if there are paper books - you need them ordering spare parts.
- power on before payment.
Believe me, these efforts will pay off.
Parameters loose is not a big deal. The control is using bubble memory which is crazy sensitive to power on sequence. Since the machine is quite old, the parameters of capacitors ( main factor impacting power sequence ) could be distorted. So when you see operating system booting, you know the bubble memory is ok or replaced by modern SRAM.
a little addition to
Superman's advice.
You can check the spindle run out with micrometer without power. Should be less than 3 µm.
Check the places where cooland can collect. Tailstock body and turret. Very likely, the sealing doesn't prevent coolant in and the liquid destroyed some electrical connections and parts. Cheap - limit switches, position sensors.
Prepare to replace all samurai wipers.
Clean coolant system.
Flush the hydraulic system and replace hydraulic oil.
Chek if lubrication system works before leveling.
Pay attention to proper leveling of the machine. This is very important.
Check positioning accuracy and repeatability.
Prepare to re-adjust the turret. Check if two tapered pins are taken away. You can ask owner if they have these pins for you.