listen, the way I look at is this, we live in the US for the freedom and justice it provides unlike other countries. Yes, it has its negatives, but I woulnd't want to live anywhere else.
So, if you want to do a restoration like the one you mentioned, then go for it. At the end, it's your money. It's your ride. Do what makes you happy.
You are going to have alot of purist in here that would say otherwise! Who cares.