Evan - That plow should work fine.
It does need new Points and Shares though, you won't be able to plow much before you change them out.
There is a lot to learn about plows. More than it seems.
The Plow Points should look more like this if they are in good condition.
You should vist your local Farm Supply store - with an information you can find on the plow (model #s, actual moldboard measurements, etc) - they can probably help you find Points & shares.
FH