Best answer was: "do what you want, it's your car."
If it was just a shell that you found in a field, I'd say sure, make it a Pro Mod. However, my vote is for the gas-can-n-toothbrush resto, especially if you're worried about short term resale value. That car is "all there" which is a real blessing. Blow the cobwebs off, get it roadworthy and sort the chassis out (discs are a great idea, front end, springs & bars if they're tired, *Bilsteins* and good tires). You will be surprised how fun a totally stock, mechanically-sound land barge is to just cruise around in. I wish MY car had its AC hooked up!!
Also, I'm jealous of all the beautiful "23" roofs in this thread. Cheers!