It looks like a decent one from photos, but (as has already been stated) photos can lie. I would want a closer look at it. In particular, the ways are what you want to check for wear. I would seriously consider it, even with the long drive. It looks like it could be a good entry point.
That said, if you wanted a grizzly, get a grizzly. You might find yourself regretting the amount of work to bring this back into functionality if you don't like restoring things. It really comes down to two things :
1) do you like taking old things and making them work?
2) do you want to instantly start making chips?