Advise on a 66 Barracuda

"Are Formula S's worth a bit?" ... well a little bit but not too much.

I'm thinking the max this car is worth today totally fixed up is $5500.
So with a $3000 engine rebuild there's not too much left to get it looking good.
So to me this car sounds like it has too many expensive needs.
This car has some potential but as soon as you get anything done to it you'll be way upside down value wise.