Welcome from here too mlb! Should be fun learning what goes where from a pile-o-parts. Seems a lot of Broncos are that way these days.
Can't help with the direction though. Seems that the individual Bronco and owner circumstances tend to set the direction automatically. But agree with the frame off, or at least frame-on but full resto. While it's halfway apart there's not going to be a better chance.
But if you're thinking you want to be driving it soon, better re-think one or the other. Either doing a full resto, or driving it anytime soon.
Some people can get things rolling and get them done relatively quickly, but most end up being multiple year projects due to other things (like life and family) getting first priority.
And you doing all the work yourself, vs having someone do at least some of it, will dictate stuff too.
Will you be doing all the work?
I would perhaps start by taking stock of what parts you already have. Bag 'em and tag 'em as you go through if that has not been done already by the PO. That way you don't have to dig through piles five or six times looking for the same parts you had your hands on three days before.
Probably just good practice no matter what vehicle you have, but as simple and basic as Broncos are, they go together just like any other ride. Slowly and with more parts than you thought.
Many of which won't fit!
Look forward to seeing/hearing of your progress. When you get a chance post up some pics. Either use your "garage" feature for some limited photos, use an online image hosting site, or become a contributor for 12bucks a year so you can upload them directly to the site in your posts.
Any way works, and we love pics.
You might even find you live near other members that might enjoy getting together. Maybe even a "parts sorting party and bbq" when the weather gets nicer will be a fun way to meet up!
Good luck.
See how I just invited a bunch of strangers to your house even though we don't know each other? %)
Paul