This is a great build thread Joe! Could use a few more pics though.
The bellows was there to act as a seal for the air box to limit the amount of sawdust getting drawn in. 288 uses a different one, but the idea is the same. That big hole is necessary for the throttle trigger movement. They are still available and cost something like $4.
If you do a lot of these saws, it's a good idea to get the fitting sleeve for sliding the oil pump/seal over the crankshaft. The sharp shoulder on the crank can easily roll the seal lip and drop the spring out. Husky still has these available and they only cost $2. Part number is 502505301. (there is also one for the 288's; 502505201)
That chewed up dust cover is also still available, 50181701
Going to do a little cutting around the house today, so maybe I'll drag out a 266SE after reading this thread.