VI,
I would purchase without hesitation. I paid a little more for a rusty truck, but love the heck out of it. I've put together a budget of $9,200.00 to rebuild the front end stock, install power steering, front disc brakes, purchasing a rebuilt 235, electric wipers, AC/heater unit, radiator, battery, new wiring, rebuilding the rear suspension, purchasing some fender patch panels, door patches, and a plethora of items from one of the reproduction vendors.
It adds up, but I have also acquired used items through the Stovebolt like rear glass, side emblems, hood emblems, and a neighbor is hooking me up with a front windshield. That's the fun part of restoring the beast. You meet some cool people and you acquire an avocation and a love for the hobby.
I say, go for it.