If your going to rebuild it anyway, I don't think you will hurt it to try and start it since it turns over freely. Maybe it won't even need to be rebuild!
There are a few things you should do if you decide to run it:
Change oil and filter.
Fill with fresh oil/filter, then remove distributor and prime the oil pump with a priming tool which will distribute oil through out the engine. (preferably one with a housing so oil gets pumped up to top of engine too) You can buy or borrow this tool. Reinstall distributor. (mark it before you remove it so you can put back in correctly)
A fresh set of points and a condensor would be a good idea. (if it has points) If it needs a cap, rotor or plugs and wires, you'll need to replace those too.
Fresh gas is a must. Any gas that's been sitting for 10 years is not usable. In a case like this, I like to by pass the tank by attaching a large funnel to the gas line behind the fuel pump and feed the engine fresh gas through that. An I.V. for cars!
Crank the engine over to get gas up to the carbs. Keep the air cleaner on incase of back fire. Keep a wet towel nearby to smother any flames if needed.
There are probably a few things I left out but as long as you use fresh oil and gas, and the ignition system is up to par, you should get it going with no problems. Main things would be that the timing is close enough and it's getting spark and fuel.
If it does start, baby it for a while. Get it up to full operating temp before racing it up. Don't go drag racing out of the driveway.
Lastly and most important, let us know what happens!