Sounds like a real good candidate, not really any weak spots or common issues to check for outside of the normal stuff. Ya might inquire about SCAs with the seller, and keep in mind not all 94s are factory turbo. Some came off the line NA, the factory turbo was an option and many turbos were added later. But only the factory turbo has the stronger internals, main one being the connecting rods. The "factory" turbo is also an aftermarket turbo, Ford basically bought a kit from ATS. So a 7.3NA with an aftermarket ATS kit and a factory IDIT are very similar but the only the factory turbo has the stronger rods. That's not to say if the engine isn't a factory IDIT you should pass on it, a 7.3NA is still a very strong engine internally. Does no good to be overly picky when looking for a truck like this.
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Here's what a factory one looks like
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One with an ATS kit is very similar but says "ATS" where the factory one says "Ford".
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There's plenty of small issues with these trucks that may worry some but are commonly and easily dealt with. Some that come to mind....
-Smokey exhaust, often a CDR issue, the IDI version of a PCV, easily solved.
-Battery issues, stock is two hooked directly in parallel, works fine until it doesn't, I put a solenoid in the ground cable of one of my bats to prevent parasitic draw between batteries.
-A few glow plug issues, there's a wire/plug that commonly goes bad, it's a square 6 pin(I think, maybe 8) plug that is above the passenger side manifold with 2 large (10g) I think black w/orange stripe wires going from the starter solenoid to the plug and yellow from plug to glow plug controller. That plug often overheats, melts, etc, easy to check for if it's not starting well cold. Many "cheap" glow plugs have bad reputations, motorcraft ZD9s have a great rep and run about 10 bucks each. Might ask the seller what's in it.
-All ford brakes of this generation are often spongy/weak, it's a booster issue nothing is undersized and it's a little worse with the diesels as they have no engine vacuum and use a pump. Rather easily solved/upgraded with a upgrade to hydroboost which came stock on F-superduties(F450 up) of this generation.