Wouldn't be to far removed from using t as a driver just the way it is, IMO.
I think you come out ahead if you only had a thousand bucks into all the small stuff to get it going.
I just looked through the pics of the car again.
It will probably be fully restored, BUT here is my take:
It looks close to running. so maybe with most of that thousand bucks, replace the mirrors, antenna, one 350 emblem and the steering wheel. Remove the extra shackles, sticker on the windshield, mud flaps, and find a set of decent rally wheels, and maybe a grill? If you did that this car would be looking pretty good. I think if you methodically got the right parts under the hood for cheap you would be looking good investment wise.
That would be my plan. and then just drive it baby!
To many cars getting torn apart and off the road for to many years. Our time here is short, I am in full on fun mode. I gotta look at cars like this and think what is the quickest most cost effective way to F-U-N?
I could drive a car like this my whole life and never fully restore it, just an item here and an item there. Its the simple pleasures for me I guess