'61 Valiant - Should I restore it?

You can screw a correct size and thread bolt in that crank and try to turn it!
i got it home yesterday and messed with it some today. First order of business (same as my '62) was to free up the rusted hood hinges. Its a 170 cast iron (I had the alum block in the '62 my grandparents gave me in '74, major head gasket problems there.) Could move the crank by hand when grabbing the fan belt, but only about a 1/4" each way. Don't know how the shop I bought it from knew it was seized with hood stuck nearly shut, there was no bolt in crankshaft as I've heard is the factory practice. Also has Oregon plates so all floor pans are gone and only major rust is very bottom of right quarter panel and trunk seal lip of body, all the way across the bottom. Going to pull plugs and try soaking with a rust product in cylinders, perhaps followed by marvel mystery oil. It has disintegrated dash cluster top, not sure where that can be sourced as sun seems to get them all on the '60-'61 Valiants. May wind up a parts car for my '62 2-dr sedan, but I would like to save it. Here's some pics: Check out my album ''61 Valiant' on MightyText