Looks like it would make a good trailer puller. I would want to check that driver side rear quarter for rust. It looks iffy right behind the rear wheel.
I don't like the color. Looks faded though. Might have looked better when new. Also, why aren't the headlights hidden? Obviously the headlight door mechanism isn't working.
I think the color in that ad is what the wagon probably looked like when new, and now it's just faded after all these years. I think the original color looks OK. It has just faded after 41 years into that pukey blue/green it is now.
Yes, this apparently was a very yucky genuine 1974 Ford factory color. Here it is on a Galaxie 500 sedan.