Father son, 73 Porsche 914, What to do? Options

[Beesonjohn94]

My father and I bought this white 73 Porsche 914 that has some rust issues but we bought it as a running driving car. It had a leaking Trany, fixed that and some other little thing but nothing major till we had some oil leak on the exhaust and cause quiet a smoke out. So we decided to pull the engine and trans, as well as further inspect the car for rust. The major amount is in the rear trunk, which was fiberglassed over to hide the rust, as well as on the passenger side rear pan all around the jacking donut and this car was equipped with a aftermarket a/c setup so the front trunk pan has a large cut into it. My ideas consist of doing a Subaru swap with renegade hybrids kit and going with a EJ257 motor. My fathers has the idea of taking the car completely down to bare metal and repaint the car. I am willing to live with the paint it has, the car does have some bondo on the passenger side front fender. We do plan on take our stock motor apart and regasketing it at the least, we don't if it's a 2.0 or not but it does have dual weber carbs. So I ask the world for your wisdom and guidance in this project, we have beefing looking at restoration design.com to buy our metal parts from.