Bill,
I have a 1978 53MY with the original electrical systems, and have never had any problem with the original stuff. I have had to improve some 12V stuff prior owners added, but never the 240V, 120V or 32V systems. No boat's perfect, but I think these are as close as you're gonig to get. The big differences will be in how they have been maintained.
Same is true for the engines. If they've been maintained well, they'll run 2500 hrs. My 1978 8V71TI's were majored at 2700 hours (for the first time - I'm told). Some will say you only get 2000 hrs with well maintained TI engines, others will say you get twice that. If you get 8V71N's (natural), you may get 5,000 hrs, but you can't get up on plane. Get Detroit Diesel to survey the engines in addition to a marine surveyor that surveys the boat (maybe the same day so they're running hard for part of it. It'll probably cost you less than $500 and you'll learn more than any boat surveyor can tell. 8V71TI's have an inspection port that can be used by a tech to see the cylinder cross hatch (or not), see the pistons, wiggle the rings (or not), look at the ring wear indicator, etc. An oil analysis of oil used at least 10 hours will also tell you a lot. Read the posts here about "Genesis’ 30 Second compression check" and do that yourself with the survey. These things can help you negotiate price, and even if they come out very good, you'll be able claim that the engines are nearing when they may need major overhauls and try to get $30K off the price for it. Then, if you get another 1000 hrs. over the next 4 years from them, you're ahead of the game. Or, if you have to get them majored, you'll have really great engines when they're done.
Good luck,
Doug Shuman