Hi, Moonshadows.
Nice find. They were a good light grader that often got called on to do more than they were really designed for. It's a tribute to the engineers who did design them that they did it and survived.
I had not very much to do with 212's and only ever operated one. Even though it was a smaller machine than the Cat 12's I mostly operated, it had an almost identical blade lift gearing arrangement.
The bulk of the wear area on these gears at any one time is at the bottom 1/3 of the gear where they contact the worm gear that drives them. If another 1/3 segment of the gear appears less worm than the one currently being used, turn that segment to the bottom so that the worm gear is driving on that part of the gear.
When you do get it running, if you find that the blade lift controls are inclined to kick back at you pretty easy, remove the blade lift arm from the shaft and remove the inspection plug in the top of the hi-lift gear case in front of the cab, the one that the blade lift shaft comes out of. Then mark the top of the shaft in front of the gear case with a chalk or felt marking pen. Then, with the engine running, use the blade lift control to rotate the hi-lift gear full circle while you inspect it through the inspection hole to look for the least worn section. Put another mark on the top of the shaft shaft when the middle of the least worn section (if there is one) is at the top. Then turn that second mark to the bottom and replace the lift arm with the key in the nearest slot to the new position - if it is the same as the one I operated, there will be 3 key positions in the shaft.
If my memory serves me right, there is also adjustment in one form or another on that worm drive gear at the bottom. It is usually either an adjusting screw and lock nut or shims, depending on the model. If you do adjust this worm gear, be gentle 'cos it is entirely possible over-adjust and make the control very hard to impossible to use. I think it is also good policy to adjust it with just the barest amount of weight on the blade lift so that the worm gear is pushed in against its inner bearing. If you have down pressure on the blade the worm will be pushing out against the outer bearing cover where you make the adjustments.
When/if you take the front cover off the control gear box - preferably after draining the oil 'cos that can make a mess all over your nice, rusty floorplate - you will be confronted with a bewildering array of gears, clutches, drive shafts and control shafts. Stop and look INTO it rather than at it and it may slowly start to make sense and seem a little less daunting. Providing it hasn't already been done to death, it is sometimes possible to swap clutches and gears from one function to another or from one side to the other so that you have less worn dog clutch faces doing the work.
To do this, you really do need to be aware of how the whole system works so that you can decide which faces will be getting used to control what functions. This is the reason for looking INTO the control box rather than AT it. A clue - adjacent shafts turn in opposite directions.
If you get into the control gear box and do decide to do some swapping around, take out the bits that you want to swap and lay them all out in an orderly fashion to make it easy to put them all back as they were intended to be. There are assorted thrust washers and spacers that do need to go back in the right place for it all to work.
If you ever break a control shaft in the control box, you will need to get in there to remove and replace it and the control shafts did have a sometimes habit of breaking at the pin hole where the actuator fork is located on the conrol shaft.
I have had to do the above operation 20 miles from home with a 10" adjustable wrench and the bottom 1/3 of a 4 gallon drum to swap a couple of control shafts around so that I could get the blade up to get home. That was 'fun'. It was also 'edumacational'.
Happy grading.
You have a wonderful day. Best wishes. Deas Plant.