The bad,,,engine noise could be something simple as a cracked manifold, or rod knocking. The trans, well it is toast, you be better off getting another or upgrading to the ax-15
The good,,,, Its a 95 so it already has external slave, it has the better Ujoints in the front axle, some say the tub is galvanized, its pretty cheap, offer 1200 for it and meet in middle at 14-1500... ANd a little work
Good starter platform. I would get it, fix it and roll on.
Seats can be gotten from U pull it for 40 a set from a grand cherokee. I like the rims on it now.