While I've been told this bike used to be a real gem, in its period of disuse its gathered some serious rot along the floor boards and center frame channel.
Now, the bike's floor has been reinforced so that its stable, but i just can't have rusty holes through the floor without worry. The bikes is fully functional, so I'm hoping to get some ideas whether this is something I should look into repairing or if I should just focus on grabbing a replacement frame. I'm fairly comfortable welding body and frames, but we all know the hours body work can wrack up.
I'll work on keeping up with my progress here, and welcome y'all's thoughts.

From 20 feet, it's fairly nice looking.


The rot is quite bad, despite this it was still too good to pass up.

The RUST