I should also mention that filling the pits in the frame makes a gigantic appearance improvement and really separates the men from the boys.
I'd agree with you if we were all planning on showing our trucks instead of driving them. At some point I realized that all the articles we read in Classic Truck, Street Rodder, etc. are usually the "ideal" way to do things. This is assuming you have - if not a LOT of money, then at least a regular amount to put into your truck every month. Plus, many of the articles in these publications assume you don't use the truck as a daily driver and/or can afford to have your truck torn down for weeks or months at a time. That's why they almost universally show the truck taken down to the frame, blasted, powder coated or at least epoxy coated.
My '46 is a nice truck but I never intend to show it. So my plan is to remove the bed, power wash, sand or wire wheel and paint it with Rustoleum semi gloss black. Then, I'll do the frame under the cab, later the front end. I would love to have the time, space and money to do a rotisserie restoration, but realistically if I waited until then I'd never do it. The way I'm planning on doing it will still be the nicest truck I've ever owned! I wonder how many of you guys feel the same way?
P.S. I like Eastwood products but their prices are so high for products they mostly buy from others and private label. I'll stick with time-proven products like Rustoleum. I'd use POR-15 if I were doing something I can't remove all the rust from before painting though.