That's one nice truck, great body condition and patina. Like you're suggesting, I'd clean it up, get the mechanicals fixed, make it safe to drive, and drive it the way it is. It looks like a wonderful survivor!
John


1952 Chevy 1/2-Ton 3100
1949 Chevy 3800 1-Ton
1953 Chevy 3600 3/4 Ton
In the Stovebolt Gallery
More pictures on Photobucket