Okay, time for an update...
I bought another head after shipping that one with the hole in the side back to the eBay seller who didn't know what the hell he was talking about. The new one also comes from an eBay seller who doesn't know what the hell he's talking about, but this one is at least fixable.
First problem? He packed it in the world's flimsiest box and left the front bolts in it so they got bent in transit. I'm seriously lucky the head isn't cracked as a result.
The long one is the front thermostat housing stud; the short one installs at the front of the head under the valve cover.
The second problem? There's a corroded water passage at #6 cylinder. It ate into the head near the cylinder so there was both an internal leak into #6 and an external leak near the heater pipe outlet.
It might clean up with surfacing but I will need to shim the cam towers at least 0.020 inch. Otherwise, the head needs welding and resurfacing to near original specs.
This definitely caused a blown gasket and should have been disclosed in the description when it was placed up for bidding. We can work with it but I need a partial refund to cover the cost of repairs.
Just checked the original ad on eBay...
If this is the head he referred to, he's either an inexperienced engine builder, a poor mechanic, a liar, or all of the above!
I'll give him benefit of doubt and ask if he shipped the wrong head; I doubt it.
There is no way this head is ready to "bolt & go", as he claimed! The cam is rusted; the valves are rusted... but every thing can be cleaned up.
So yeah. Time to talk to the machinist.