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Only you can decide.
Our company runs them till they fall apart and can't be welded.
At your mileage, you are "due" an engine or trans issue at any time.
Take your vehicle and $5000 and what can you get?
The ball joint/etc isn't the $5000 an engine could be, so it would seem to be a "go" based on what you want to do.
A new front end will make it drive better as well.
Good luck.
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