I would concentrate/focus your efforts (time, money, space, patience) on one project at a time. Having two projects going simultaneously will beat the strongest of people into the ground and you'll end up with 2 projects that suffer. If by some chance you do have the resources to feed 2 beasts, chances are that both will still fall short in one area or another. There's a reason full on restorations/restifications cost so much and take so much time. I'd say pick one and give it 100% of your attention and resources.
I don't know if the price on the 78 is fair or not, but it seems on the high side of things because it really does need a full redo, exterior, interior, suspension and maybe drivetrain? You could easily put another 6K into the 78 even doing a lot of work yourself. And then what happens to the 87? How much time do you really have to pour into these two cars?
Not busting nuts, believe me. The 70 Nova in my sig has been out of paint for 6 or 7 years, suspension is done, motor is done, all it needs is some odds and ends and put the interior in. And I still can't find the time, energy to finish it up. The Firechicken seems to suck the life out of me every chance it gets.
Good Luck with the decision.....but my advice is to pick one.......
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1999 Formula 6spd (The driver)
1997 2500 Ext. Cab Dodge 4x4 CTD 5spd (The Earth Mover)
1970 Nova 5spd (The toy)
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