If the tub is in rough shape, you may want to consider one of Matt O's new ones. It's a little bit of an investment, but worth the cost if you plan on keeping the machine for a good long time.
The transmission will provide braking, but its always a good idea to have an emergency brake. The brakes aren't all that complicated depending on what your missing you could probably make a new one or find parts on the forum here. You can get new brake lining from McMaster.
I would take it all apart fix the cracks with abs goo (black abs pipe and acetone works good). Then clean up the frame and drive train replacing whats needed. Ebay is a good place to get chain. Buffalo bearings is a good place to get bearings. Axles are easy enough to make your self. If you want new tires: 3 BOLT TO 5 BOLT ADAPTERS. A new engine with clutches is going to set you back a min of 750, so it might be worth tearing apart the old engine (unless cost isn't a problem). By the time its all said and done tho you will have a newish machine in good running condition at the same cost or less than you could buy a running used machine that still needs work. It all comes down to how much time and $$$ do you want to spend on it?
Make ABS Goo by mixing pieces of abs and acetone and it will melt into a thin paste. I have ran 16hp harbor freight engines and never had an issue. We aren't exactly easy on them either. If you watch for them to go on sale you can get them for around $250 with a 2 year extended no questions asked warranty. MFG supply has clutches. You may be able to find a used on here on the forum.
The transmission takes ATF- I use the Dexron III from NAPA, but everybody's got their own preference.
You'll find that fiberglass resin doesn't stick to ABS for very long. Most of us will use plastic welding of some kind or make up some paste with shredded ABS plastic and acetone. You can use fiberglass fabric along with the plastic/acetone goop to make the mend stronger.
Depending on what the .22 was, it looks like you made a pretty good deal.
Good luck!
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