I would price it out carefully. If you can get the truck and the parts to repair it for significantly less than you could go out and just buy an equivalent model that is basically road ready for, then maybe it's a good deal. after all it requires a significant amount of work, and even if you enjoy fixing it up, your time has gotta be worth something. Remember , you almost always run into something you never counted on...good luck .
2005 Ranger STX 3.0 auto --Bone Stock for now