Hi Geo;
I have a 1951 F-3 that I have totally restored; a frame off restoration. Don't ask how much...way too much... but hey, it's done. Here are some things I found out during the project:
You can only swap parts from 1951-52 F-2 and F-3 This makes it extremely difficult to find rust free parts that are offered on the market. For example:
fenders, tail gates, and those, oh so pesky, running boards. These parts were particularly subject to rust. It took me months to find a good running board and when I did, I had to buy the pair. It turned out my good one was better than the bad one in the pair. So the pair I bought had the good one I needed, and the a bad one I didn't need. Lucky So now I have a pair of two crappy ones. Same thing for the tailgate. Although I got lucky and found a good tail gate for $65 on Ebay. I would have paid up to a few hundred or put about $500 iinto fixing the one I have. My left rear fender sucked but I found another and replaced it inexpensively.
My restoration specialist was a absolute perfectionist. I paid him for hours of smoothing out the metal for paint. He only charged me $40 per hr. but the hours added up quickly. I had to replace window glass and tracks. The aftermarket parts don't ever seem to align properly so more hours are used up to get this done correctly. And on and on..
I had someone else do the big part of the restoration since I didn't have the time or the place and tools to do the job. Now that it is done, 5 years later, and thousands of dollars, I guess it is time to show it. I will be going to see the finished truck on Friday. We are just waiting on rebuilding the original door handles($350) for the pair. Chucks Trucks in CT.
To get back to your "new to you" truck, you can spend a fortune in restoration on parts and labor. If you have the place, the tools, and the time to do your own frame off job, you will save a bundle, but be prepared for some very frustrationg and difficult moments. I would recommend rewiring to 12 volt negative rather than keeping the original 6 Volt positive. The truck will start and run much better on the 12 V Neg.
If you need some sources, please message me, and I will try and help you with those who helped me. I usually went on line to find parts out in KS and in TX as there were sources that had rust free parts. I will try and post a pic of my new baby in the next few weeks....
Good luck and message me if you need anything and I will try to help.