There was a question about engine size. In 1979, they only came with the 400 engine. The 460 was gone. Too bad, but I think the government had a part of this decision.
True story that I have that happened about 10 years ago: I used to be a mechanic for a factory that had 30+ forklifts. The owner of this factory has plenty of money and, in 1979, liked Lincoln Continentals. He had heard that the new 1980 Lincoln Continental cars would be downsized, so he went to a Lincoln dealer about 100 miles away and....get this...bought three of them. He had factory workers drive them back and when they got back to the factory, each car had about 120 miles on each odometer. Each one was a different color. So he drives the first Lincoln about 150,000 miles and he gets tired of it. He then gets out car #2 and drives it about 100,000 and gets tired of it. So this was years later now and he was tired of driving old Lincoln Continentals and all three were parked. One had 150,000 miles, the next had 100,000 miles and the third had 120 miles. They were put in a shed and basically forgotten about for over 10 years. Somebody had the idea that these cars needed to be roadworthy again and they had the super bright idea that it was my job to do it. You ever work with gas that had sat in the tank for 10+ years? It wasn't pretty. I remember that the local Ford dealer had a gas tank sender on the shelf, a needed item. These cars had some neat features, for the day, like AM/FM CB radios from the factory. Of course, they rode like you were sitting in an oversized La-Z-Boy.
The factory brought in a bunch of Germans to do an upgrade and car #1 and #2 became their mode of transportation. I remember the rear end flew apart on car #2 one day. The Germans had to take it out and see how fast it would go. The story was it flew apart at about 120 MPH. It literally exploded and luckily nothing went through the gas tank. Car #3, with 120 miles on it, got sold to a Lincoln dealer in California to sit on the showroom floor.
My advice to you is to replace the timing chain and gears before it gives you problems. The camshaft gear is plastic and will deteriorate just from being exposed to the heat and acids in the oil. I never was a big fan of the 400 engine, but I guess it will get you by with a shot of premium gas when it's needed. Good luck on your purchase.