That is a beautiful truck.
Neil already addressed some common problems.
The TPS is a huge problem for the older trucks. Worse yet, they cost an arm, leg and both testicles to buy new. Fuel injectors clog badly leading to what appear to be oxygen sensor issues as the ECU sees this as oxygen sensor not injectors.
Worst case, replacing the fuel temp sender, coolant temp sender, both oxygen sensors and the TPS aren't all THAT expensive given the appearance of that truck.
How many miles are on it? while the bodies are in beautiful shape out west, the mechanical stuff deteriorates at the same rate as the rust buckets I have. If you intend to keep it, consider a new cam and lifters right away as they are likely gone.
Also, I'll put big money on the vacuum advance canister being compromised. I think I still have a few of that batch of ten I got due to a software glitch a few years ago.