Timing chain tensioner? + new water pump?

Hi folks, I'm not tech savvy, trying to learn the right way to ask questions and find answers etc and thank you for your patience.
I bought a 1968 Fury three (318, automatic, PS PB)FA STOP (insurance agent told me this???) and I told my wife, "All's I'm gonna do is drive it......then, well.. change the ignition THEN just drive it, and put a 4 barrel on, dual the exhaust...then just drive it....and maybe repaint the engine compartment put better brakes on wood steering floor shift...and then...

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Author: Bluemike