While these aren't the answers I'd hoped for, I appreciate you guys taking the time to answer and share pictures and references! I had another GT about three years ago that had much worse rust and body damage, and I eventually just scrapped it based on the advice on this forum. So this time around, I was much more hopeful. I drove from KS to MN to pick this thing up, after seeing a video of the car driving around the seller's shop, and squeezed out every penny I had extra for it. Paid $700 plus about $400 in fuel and trailer rental costs. But, sounds like this dream is all but realistically over for me at this stage.
So what are my options? Is it feasible to create a subframe of sorts out of steel and tie it into existing good subframe areas? Can I build a steel rectangle that the car sits on and then just remove the engine from the top and not drop it from underneath (If I need to remove the engine)? I can weld, and I have friends that can weld, so it's not the work that's discouraging as much just the hours I see now will be involved.
I'm not so worried about the 'cosmetic' rust as I am about structural safety.
I have no problem with not keeping this car exactly to original, if that helps clarify. So steel under the rockers (for example) isn't a big deal for me.
So either this, or does anyone has a rust-free or rust-repairable shell of a car they could point me in the direction of? As I already have the engine, transmission, and I'll be doing a custom interior and wiring.
Appreciate your help gentlemen. Many delightful hours reading these forums.