I'd be concerned about what else was damaged. If there was a prop
strike, was there firewall damage. If so, was it repaired correctly.
Also, field rebuilds are a bit iffy. Repairs completed by Steve's
Aircraft. Who is Steve? Just what did he really do? How many hours
since the rebuild. Is all well?

If all is well and everything checks out (COMPRESSION check), oil burn,
filter clean, then yeah, ok.

Like the others say, after a bit of time, the devaluation goes away.