I have a 400RB that I bought new in 1985, and it's never failed me (except that I had to replace the input jack a few years ago because it finally wore out).
These are excellent amps. Some people (not me) feel that the 400RB lacks a certain warmth, but with an 18", I can't imagine that would be an issue. I would go to check out the amp and speaker immediately, just to make sure they're functioning (and these amps are famous for being reliable), and buy them. If they *are* both functioning (forget cosmetic concerns) it's a great deal, and you won't be disappointed. Later, if you change your mind, you could easily make the money back, just by selling the amp alone.
One more thing: at the Gallien Krueger site, you can download PDF files for all their manuals, including the one for the 400RB. When you understand how the input volume, the boost and the master all work, you can get lots of different sounds, all useable. The EQ on these amps is very simple and powerful, too.
Good luck!