To Start Over or Not?

I've got an aquaintance who has a 64 Polara Convertible he's trying to sell. He says he has $7000. in replaceing the cowl, floorpan and paint. The car looks "OK" (the one front fender looks like it was run over by a truck and beat back out before they painted it) but the kicker is when you look under it and see the torch cuts and gaps it looks like total S__T! He says he'll use seam sealer and be done with it. Instead of using a replacement pan he went to a wrecking yard and cut up old gas tanks for pans. He's asking $ 15000. for the car which I think is ridiculous the way the floors look. He says you can only see it from underneath so what's the big deal. I guess maybe that's the difference between just turning the car for cash and restoring a car.
I bought a 4 door dart with a good floor pan and have drilled all the rivets to remove it and am putting it into my 65 vert in 1 piece, minus the little rusted part on the front of the pass pan. I didn't like the 4 aftermarket pans and all the piecing in that you would have to do to make them work.
I think its well worth the effort if you want it right.

Beaver Springs '08 043 Jeff Goss's 64.jpg