After discussing this particular engine with the owner (and the previous owner), I ended up buying it - complete with turbo still fitted , power steering pump, air con compressor , alternator , fuel rail / injectors , bell housing / clutch still fitted and tdc sensors , wiring harness, water pipes, oil cooler and pipes.
I also bought a few other bits & pieces for my road worthy Turbo. Not entirely sure if I'll need the engine but I don't think I can go to far wrong having it sitting in the garage under wraps until the restoration project is up and on the road.
In relation to the mileage at 65k, I have the stamped up service book to 50k and the last 7 years MOTs stretching from 52k to 65k plus a bundle of other paperwork relating to work done which corroborates the mileage. I also have the clocks from the car and many pictures of the car (inc interior) prior to breaking. Of course, none of this guarantees the mileage is definitely 100% accurate but it does suggest that, if it isn't, a succession of owners have gone to some work to fiddle the mileage on a regular basis! This is unlikely.
I also have the bill of sale which makes interesting reading. Merlin Cambria sold it for £42493.79 in Oct '89 and Mr Morris traded in his 1 year old 911 SE in exchange and received £37100 as a trade in price!