That looks like a good builder, what motor is in it. I really like the yellow paint idea. Mine was yellow and it looked good on the car. I dont know if you would like the color of mine, but its under my cougar in the pics. the color is vivid canary yellow
That doesn't look like it's in that bad of shape, it looks like it could make for a pretty sweet ride. Mine has rust holes in the quarters the size of my neighbors Metro( maybe a little exagerated), it makes a good sleeper though. Noboby really expects to get burned by a rust bucket.