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Arrgggghhhhh, that pic makes me want to get body work and a paint job badly.
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Summers here, get to work!
I agree wholeheartedly about mechanically sound then good looking but you can have both. Did I understand that engine has only 37,000 miles on it and I assume it's a 400 ci? If so it should be just broken in. The Pontiac 400 is one of the best motors ever designed and built. No big block / small block nonsense. Just rugged. I say this because I have 87,000 miles on mine and it doesn't burn a drop of oil however you will likely have a real seal leak so drops on the floor.
So I guess I'm surprised you need to rebuild the engine at this point.
As for updates, I just finished (today) a front brake conversion, drum to disk, what a difference.