I like it. I wouldn't pay to much attention to some of the comments made. These are the same guys that run HEI's and hydraulic cams in their cars. I've seen a few cars that have been dragged out of back yards around here that actually look similar.
It looks like lots of fun. I guess it would have been called a beater back in the 70's , depends on when it was found! I guess the only thing I would change would be to fix the rust out , that will just make it a barn find that is a work in progress!