I'll second this. You can see the pictures of my '80 F-150, and it's nothing special - it's 2wd, it's a longbed, and it's pretty beat. And yet, I have people asking me about it all the time, or telling me what a great truck it is, they/their dad/their grandpa had one, et cetera et cetera. So I say fix it up - it'll look good, and people WILL notice.

Or...you can save your money and buy a shiny new Toyota 4x4, that nobody but you will ever give a crap about.