Hi Peter
I have used worse looking pumps that that, flush the block with a garden hose (radiator hoses disconnected and thermostat out). when you are ready to run down the street, just fill with water (no inhibitor) and run the engine until nice and warm, the rad cap lifts at 13 psi so pressure testing much past that is a bit of overkill.
Check the tell tail hole under the pump for signs of leakage, as well as the rest of the system. If ok add the inhibitor. If it starts to leak further down the track they are not hard to change (un like a lotus).
Or just change it now and sleep well at nights.