Thanks all - reassuring to know that the orange/red stuff's supposed to be there.
There are some areas "missing", I assumed flaked off. Very small, like scratches here and there where I can see.
There's a clear plastic fuel filter inline now, but race rules say I need a metal one, so I'll see what I can find at the autoshop.
Snowbum says to look for 350cc/min. flow rate on his site, so I'll check for that after a new filter fitting.
Tank empty and dry is next, being as its too cold and dark for much else, and I have no idea what fuel/age is in it (smells ok and runs fine tho)