Originally Posted by auchencrow

Welcome to the club kcaut!
That's going to be a good looking one - the paint will polish out nicely.

For the rust on the rims, personally I'd disassemble the wheel and go the OA route. You can easily assess what you have at that point (though I suspect there will be enough parent metal left to make a go of it). Then I'd lay some epoxy paint down there in the trough to arrest the rust (rust never sleeps) and clear coat the topside.
It's a little bit of work, but that's what makes projects so rewarding.