[toms68cst]

I can only say what I would do if that were my truck. I'd put it back to stock height and install some painted steel wheels with big chunky bias-ply snow tires. I'd then fix things back to original as much as reasonably possible with good used parts. If I won the lottery or a safe full of cash landed on my head, I'd do a stock full-on restoration. It looks like a great solid candidate.

That said, Do what floats your boat and makes it useable and enjoyable to drive!