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454's are usually not big fans of high rpm unless built for it. I would ask questions about cruising speeds and rpm's at those speeds and if it sounds like it was wound up above 4500 rpm very much I would be nervous.
Does it have freshwater cooling?
I would walk just based on what you have told us, heck i would not even take it if it was free!!! 7yrs not used (assumed since the tab are that old) and that many hours....If a deal sounds to good it most likely is.If your gut tells you no then listen to it...BreakOut AnotherThousand