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Well, I am doing/did same thing...
If I did it again this is what I would do.
First, remove all rust from that car or use Por-15 to paint over it. Don't worry about getting the engine started.
Paint the underside with a rust stopper (Por-15). You can always paint over the Por 15 to achive a metal color.
Replace all wheel bearings/bushing/steering bushings/shifter bushings and insure all CV Joints are repacked. I didn't check the CV Joints close enough, and it lead to the demise of my transmission in about 100 miles from purchasing it. While replacing the shifter bushings you will have part of the center tunnel open. Replace fuel line while there.
With engine still out replace ALL cables to the dash (gas, clutch and speedo).
320 brake upgrade, replace rear pads/rotors. New master cylinder (if needed).
Powerwash engine, remove spark plugs and test for compression and to see if it has seized. If engine leaks oil replace the oil cooler seals NOW. I couldn't stand to do it with the engine in the car again. If engine good, put it back in.
Fill tranny with new oil (see PP for the good stuff).
Check all fuses, mainly by tapping on the metal with a screwdriver. If the fuse doesn't sound solid replace it. (this goes for inside cab fuses and the ones on the circut board).
Once that's done, get it running.
Then work on interrior, perhaps a paint job will be needed too.
That's what I would do anyway. HTH
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