I've been down this road more than a few times (slow learner). When you start stripping it you will find that there will be far more rust than you are currently aware of. If you are looking to build a really nice driver it will take a LOT of time....and more money than the car will be worth in the end! I'd probably take Barts approach...make it safe, structurally sound and drive it.
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My money talks to me-it usually says goodbye!
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