Welcom to the Forum tracer.
If it has 210HP is must have a tuned V8, sounds interesting. I would suggest you need to find out a bit more about it to work on it.
WRT the body, if you need inspiration check out the thread VAR the seven. Alomost anything can be turned around witrh enough determination (and cash). Whether it is worth it or not depends on what it is worth to you. The only thing you can be sure of is that, like most classic car things, it will cost more that it will be worth after completion! But, if you enjoy getting it there thats part of the value.
Alan
Saab 9000 Stg 1
Saab 9000 2.3 FPT Auto
'81 TR7 DHC