Aren't there 4 levels: Active, Salvage, Rebuilt and Total? There are here anyways.
Active - self explanatory
Salvage - damaged >80% of the value of the vehicle, Stolen (and recovered)
Rebuilt - Salvage vehicle that has been repaired and inspected
Totaled - damaged so bad that it isn't possible to rebuild. Note: Flood damage is always considered totaled; fire often is.
I've taken 3 Rangers from Salvage back to rebuilt:
So, the 64¢ questions:
Is there damage to the frame??
A pre-'98 is more difficult as you can't "split" the frame. A couple frame swap is possible, but a ton of work.
How bad is the damage to the cab? (including pre-existing accident and/or rust)
Doors, boxes, bumpers can be replaced, but damage to the cab "shell" is more difficult to repair.
Remember, its not your opinion, its the technician doing the inspection. So, be honest with yourself about the damage.
Then the next question is how much sentimental value does the truck have?
And lastly, do you have some place to work on the truck for a couple weeks?
Note: If you decide to sell it after, you
have to declare its rebuilt status.