I have gone to the past 5 BJ auctions in Phoenix (just booked my flight for the Jan/17 auction). I review every 71/3 that goes up for sale there (don't remember this particular car...). My point is that I have seen some extremely nice original, restored and sometimes modded cars.
This car really is not a good BJ auction car, must have been an early day sale... As you know, the auction will write stuff on those info cards designed to help sell the car, but not accurate Ford facts, that's for the buyer to know in advance...
As with any purchase, it comes down to knowing your vehicle's before purchasing. This would not be one I would put $$$ down for at an auction at this price...