Necrobump, it has been 5 years, lets revive this.
Picked up my '87 Chevy Scottsdale (V8 305) for $1200 off a fisherman a few months ago. Had terrible tires, seized rear breaks, busted exhaust hangers, 1 blown headlight, rusted shocks, some grill damage, and had been sitting for a year. Had it towed to the family shop and spent a week or so fixing it up. New wheels, new breaks, replaced all fluids / filters, fixed exhaust hangers, new hydraulic shocks (came with additional air shocks already installed), new headlights, some grill repairs, ran some fuel conditioner and seal conditioner through it, some minor interior repairs, and re-lubed everything. Runs great now, no problems yet, daily highway driver.
Gonna re-paint it this spring, same colors (dark brown / tan), and probably throw an aluminum grill on it.