Should I walk away from this project?

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It's a stunner but there's no denying there's a lot of work to be done. If you have the expertise, it may be a fun project😎
 
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I'm not sure there's much upside. As @redpcar mentioned, these pieces are not particularly desirable even when running and in good condition, because of the size, so you could probably get a nice one in running condition for not much more than $1k usd. The hands look wrong, the case is really beat up, and the dial is stained. The cost of repairing the movement is unknown. So even if you get it running, it's still not going to be very attractive.
 
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Walk away.

Many easier objectives out there to yield better achievement.
 
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3 month old thread... wonder what they chose
I think they chose to ban the post farmer.
 
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3 month old thread... wonder what they chose

I didn't go for it. I am still keeping an eye on old Speedkings though, looking for one I like and trying to get better educated.