If it's as good as you described "POUNCE" and don't look back. The half tons in good shape are hard to find.
I share the same views as Cletis, if your looking for something closer to a street rod, or even seriously modified, get something already headed that direction. You might even save a little money, depending on condition.
All things considered, if you buy it, it will be yours, and you have every right to do as you please. I just feel that it is a shame to butcher something that has survived this long.
Welcome to the "Bolt" glad to have you on board.
John