I finally got moving on my project wagon and finished the timing belt service, water pump, and seals. I also gave her new plugs, cap, and rotor. I then changed the radiator and flushed the crap out of the system from having sat for 4 yrs. I also made some minor repairs as small coolant leaks occurred at the corroded t-stat housing (which had no thermostat!), the metal pipe from the 90 degree bypass hose (which is rusty still and I'm thinking about just using a rubber hose.
Last weekend my friend helped me get a fresh set of tires too. I put in a new battery and let her hit the streets for the first time in about 4 or 5 years. She was idling rough at first but running smooth! The temperature went up but never into the red... I noticed the voltage going down slowly and suspect a bad alternator or a loose belt; all the warning lights were also on. I started home knowing the battery would die. About 500 ft. from my house she died. My neighbor gave me a jump and a kept her idle up a little to avoid stalling and went straight home and parked.
I noticed a loud noise I thought were slipping belts. Now I fear I spun a bearing. She still starts nice and idles good. Apparently spun bearings don't happen a lot on the EA82's, but I'm at a loss how to continue.
Video from inside the car, and from under the hood:


I went to remove the air cleaner and saw coolant / milkshake! So today I removed the intake to replace the gaskets and I drained the oil. No noticeable metal in the oil and not really any coolant either. Pretty standard dirty oil.
Milkshake, intake removed:


Passenger & Driver Intake Gaskets (LH drive car):


Right now I'm debating "TRYING" to just clean the engine, put on new intake gaskets and fresh oil and starting her up. I guess I'm worried this is a bad idea if the bearing is definitely gone. I do not have an engine lift and money is tight, but I'm committed to the wagon and the old lady who gave it to me and wants to see it run again!

Any help or advice would really be appreciated!