The timing set needs to be replaced too. They only last a little over 20 years or 150,000 miles, whichever comes first. While the timing cover is off, inspect the oil pump and do some efficiency mods. Drop the pan and replace the pickup with one that doesn't have a trap door (and full of timing gear teeths), then pull the drivers side header and weld up the crack between 3 and 5. And get a magnetic drain plug too.
Oh, and I'm in the camp of putting in valve springs. With an unopened engine you have the good cam blank, good lifters and they're worked hardened and proven.
Get a note book and run a compression test and a leak down test. That way, at a later date when the car starts goofing up (and it will) you'll have a baseline to start from.
Oh yeah, touch every hose under the hood... if one of them turns your finger black, replace it. If it doesn't turn your finger black, replace it. And the three hoses between the turbo, valve cover, and waste gate..... Replace them twice. and zip tie them. Then zip tie them again. If one of those three leak, you'll know what it sounds like to bounce a head gasket off the inner fender.
Add a set of injectors and matching chip to that list too. No reason to go smaller than 60's.