I'd continue your quest for another 130, if that's what you want. To get that example back to square (no pun intended) one so that you have something to work from will be a lot of rather expensive surgery. I see a frame shop in your future, for instance. With the values of the finished cars so low, you'll be quickly upside down turning this into a running car. Just my opinion, but I've also got a 220 in pretty nice shape, and a 130 project that I haven't really started on, and I know I'm still going to take a bath on it, even though it has virtually no rust and has never been hit. Good luck, whatever you decide!