How much is to much Rust?

If it's doable then we'll do it. Thanks everyone for all the comments. Two questions for Greenhornet. What's your tool of choice for cutting? Cut off wheel, sawzall? Also how is the sheet metal attached to the crossmembers, spotweld?

I use the cut off wheel a lot, for precision cuts I like using a sawz-all if I can get to it with a blade.. Factory floorboard is just spot welded in even at the crossmember, I solid welded all of mine.. My build is a gasser thats why I enlarged my tranny tunnel so much, repo floorpans for a '66 all looked like cheap tin so I made my own, most of the floorboard at the rear and seat area I cut patches from a '73 four door valiant...