That could build up into a really nice full-sus xc bike, the frame with carbon swingarm is pretty light even by todays standards.
One thing to look out for is the rear shock losing it's damping, if it's a Noleen shock then there's a company called Mick Gardener Racing in the UK who could service it for you I believe, or Risse Racing make compatible shocks, other than that it's a custom adapter job to fit a modern shock.
I like the Hope adapter for the rear disc caliper, looks like it will last another 15 years of abuse no problem!
As for the forks, whilst for me the Girvin/Crosslink forks are a thing of beauty I wanted something a little lighter, more plush and more adjustable and which would take a disc caliper, so the Crosslinks had to go in favour of a regular telescopic fork.
Here's mine anyway, last weighed at 27lbs before changing the fork...