Well, I don't know. There seems to be kind of a sophistication mismatch there. Are you sure that engine is high-zoot enough to be on that stand?
Those look like Fram oil filters. If they are do yourself a favor and replace them before running the engine again. Use preferably with Wix filters. I speak from experience here as the former Technical Editor At Stock Car Racing magazine for five years. Fram is like McDonalds. The don't make the best hamburgers but they do the best job of marketing. That does look like a wonderful engine, best to you with it.
WTF does a Ferrari engine have to do with model airplanes.