If you look in the right places, you can get new compressors cheaper than what the local stores get for rebuilt ones. I never pay more than about $185-225 for new compressors. I wouldn't fool with a used or rebuilt, they generally don't last very long.
I generally get my new compressors from
www.nostalgicairparts.com, of he doesn't have a specific one, he'll give you a number of another place he's connected with that will for the best price on the thing.
You will need to flush the system thoroughly before mounting the new compressor or you'll be replacing another one in 6 months to a year.
Also new orifice tube ( variable orifice valve is a nice performance improvement ) and a bunch of orings. Use r12 mineral oil or Nylog on the orings, do not use PAG or Ester oil on the orings, it will dry them out and you WILL get leaks. Seperate all of the parts and run AC flush through them and then blow out with shop air, remove the condensor and lay it flat to flush or you won't get all of the debris out.
You will need to run the vacuum pump for an extended period of time after flushing and blowing out. Shop air, even with extra air driers , is pretty wet stuff, a standard vacuum pump will need to run overnight to boil off the moisture.