Yes, that's me! I got into a pretty tight spot many moons ago when I still had that car and had to let it go. I still regret selling it, as it was a pretty special one. It stayed local for a while but last I heard it was heading out West and living an interesting life. This is the first old Subie I've had since then, what, close to 7 or 8 years ago now. Once I signed back in here all the memories of that time came back, and I haven't forgotten your generosity back then. Seeing your username totally brought me back. It was great meeting you, and hopefully I'll make it up there again!
Everyone, I appreciate the input. I'm feeling a little better about it after reading your replies. I mounted new tires to replace the dry-rotted units it came with along with getting an alignment done, and I took it up a couple hours north to some wrenching friends of mine and to give it a more thorough looking at and toss about on the windy roads up there. While the rust is definitely very bad the car is proving to be totally worth saving, as it really does run and drive nicely. The suspension is surprisingly spry. Idosubaru, I'm probably going your route - friends of mine who are more skilled than I fell in love with it and want to help attack the rust. We're going to team up and patch it up structurally as best we can, and then I'll do my best to maintain it and keep it clean afterwards. She'll never be mint, but we can probably get it to the point where I can use it as intended for as long as I can.
I think the car could be quite efficient while doing what I want it to do, I just need to tinker with the Weber carb it has, seems to run a little rich. I am maybe getting about 200ish miles per 8.5 gallons, hard to be totally accurate as the speedo/odo don't work even with a new speedo cable, haha.
Here are a couple more flattering shots of the little beast.
Photo 1
Photo 2
Photo 3