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I think it looks like a lot of work but also a lot of fun. Have you restored a car before or first one? Do you have a decent budget for the resto? I wish you the best. I helped restore an 85 Iroc and it was one of the most enjoyable things I have ever done. I am actually looking for an 85 Mustang Gt with T-tops for my resto project.
It will be a strip/street cruiser. It needs to be washed badly. Then I plan on pulling out the interior, patching the floor, maybe a roll bar. Then doing the suspension, engine/trans, and paint.