Okay = )
It sounds like the Ironman might be worth the extra work then - though the bottom bracket tool will cost another $20, and another $20-30 for the bottom bracket itself, and such. I guess the question is then if I want to recondition a bicycle that starts in that condition - with the faded paint and rust and such.

1986 MIYATA 310 - Vintage racing road bike. 54cm, NICE! Refurbished!
How about this one? It's the same seller though, but it seems like a bit of a compromise between the two.