The rust definately needs to be addressed but it is definately controllable.
I planned on removing the bed anyways because I want to see about mounting a long-bed gas tank and cutting out any excess weight. So that will be a good time to spray some Rust Destroyer and then some engine block black paint all over the frame and everything else. The axles and springs have their share of rust and ageing, but they will be replaced with a newer front end 84-85 and a wide rear end 86-95 in the future, so Im not troubled at all about that.
Also, someone went ahead and trimmed the front fenders for me. Im sure I will be doing some more trimming so thats cool