Biggest issues with used pumps is you don't know how well they've been cleaned in the past, but the key things to look for are:
-Start with the things that'll give you the most info with the least amount of effort. After looking over the condition of the pump, pull the rock guard off the pickup tube and shine a flashlight up into the tube. See if it's got a bunch of dried paint. Some amount is fine, but not big chunks.
-Make sure it builds pressure and holds it, so as soon as it comes to pressure and stops cycling, listen for a minute without pulling the trigger to see if it cycles again, which would be indicative of the ball getting stuck from dried paint due to poor maintenance.
-While testing, turn the pressure knob all the way up and again, listen to the pump begin to cycle and make sure it stops and doesn't continue to cycle after full pressure is reached.
-Make sure the prime valve works and doesn't leak after the unit is primed.
-Spray some water on a piece of paper to check the pattern. If you see tails while spraying water and your pressure is all the way up, the pump is ****. You'll also want to pay attention to the fan pattern throughout a good 5-10 second trigger pull to verify the pump is kicking on when it should and adequately building pressure.
-Check to see if the gun stops spraying as soon as the trigger is released. Prolonged spits after trigger release usually means the gun needs to be repacked, which is hardly worth repacking that gun that comes with the X5's.
-Verify there isn't an abundance of paint at the wet cup, (which is usually from worn packings).
Incidentally, if you can hold out for a Graco 390/395 or Titan 440 or even Titan's 400, it would be a better investment, as the build quality is far superior. I've been a Painting Contractor for 35 years and own lots of sprayers, so if you have any questions, just ask. I don't get to offer advice on these forums often, lol.