I'm late to the discussion, but as so many have said, "what a wonderful truck you've purchased"! If my 1954 had been in that condition, I'd have done no more than brakes, shocks, tune-up,oil change, chassis lubrication, drain and replace the transmission and rear differential fluid and then driven it until I couldn't ! Congratulations on finding a survivor, it makes me smile just looking at the pictures.
Ron