I got to say you have to follow your dream or will always regret not doing so, go with the 78 if that is what you like. Maybe you can't do everything you want to fix it up but once it is yours take your time and restore or mod it when you can.
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Praise the Lowered
67' Camaro - Worked 327, Hotchkis TVS suspension, 4 wheel cross drilled discs, AM radio FTL
05' Silverado - Stock, stock, and stock.
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