I built a sweet '88 super cab for my daughter. Converted from auto/electric to manual, redid the inside. That truck is a sweet driver with 4:10's on 31's and 20 mpg.
Then, someone convinced her I didn't want to give it up and convinced me she didn't want it. Consequently, I still have it. It was a great project even if it left me with a yard full of parts.
I've had my '88 Custom since 94, been through 2 engines and 1 tranny, not to mention the usual thermo, TFI and a couple of other manitenance items, not that big of a deal, still cheaper than a new truck and it runs as strong as expected with 30's and 3:73's.
I would certainly take on another project like that as it gets you to know every bolt and wire. It's too bad you are so far from the trucks that have survived rust like mine have.
Rich