And to be clear, what you should or need to do before you put the motor in your car is, as someone else said, a function of how much you trust your buddy, along with your goal and budget. We really cannot answer that.
The only reason I said check the CD (and see what the cam is as you stated) is once it’s in the car and you come back here asking for advice to improve performance, those two pieces of information will really help explain why it runs the way it does, and help us make good suggestions on what to do next.