Just saw the pics Frost....wow....thats gona be a HUGE project. On the bright side....you have alot less to remove to start the frame up resto....lol. Did you have a chance to check the frame out? If the frame is solid and you can get it for next to nothing I say go for it. If the frame has rot holes and is badly rusted I would have to jump on the "look for something else" bandwagon. Everyone wants to have the big picture board at the vette shows with the "I brought this back from the dead" photo's on it, but that car is REALLY stripped. For me the desicionwould rest with the frame and the ability to register it...Ie good vin. number.
But what the hell....If you like it...have at it.

 

Frostbite, forget it. The car is too far gone. Believe me, you don't want to get involved with a project like this unless you won the lottery.