I think at this point you should really consider resigning yourself to the fact that the cancer is terminal. I'm sure you could fix it. The only difference between "impossible" and "possible" is how much time and money a person has available to put forth. Our point is that you can spend a lot of time fixing what you've got, and always have the repairs be questionable. I'm not knocking your skills because quite frankly I know nothing about you. You could be an excellent fabricator for all I know, but it does take a certain amount of skill to make quality repairs to a unitized body construction and have them perform safely out on the road.
We're just trying to say there's definitely an easier route for you to take, and that involves a different body in good condition. If the vehicle has a lot of sentimental value I can see why you'd want to rescue it, and I think it would be an admirable, albeit lofty goal. However if all you're wanting to do is hone your skills at welding and repairing the rust, you definitely have a good candidate but I wouldn't put much time or hope in it because I think you could put your money and efforts to use in a much more wise fashion.