I don't have a clue what you paid for it, but from what I've seen it doesn't look bad at all for an east coast EB. I don't think he did any work on the body. I've seen his work before. He's no stranger to these vehicles or a set of tools.
I paid $16k. My comment about Larry is not negative - I figure he made out out pretty good on it was more because the PO was selling it for under $13k a year ago. As far as I know, the only change was the addition of a body lift; it hadn't been tagged or transferred/registered. Didn't run for more than 20 minutes at a time, lots of glitches and non-working stuff. I wish I'd seen the build thread earlier; there were some clues in there (like the hole in the driver's side floor covered by the roll cage). Found a fair amount of rust
under the RustBullet once I got into cleaning, even on panels that were brand new - go figure. Hindsight is always 20/20, I just wish I'd known a bit more about Bronco's when I'd picked them up - I would have been able to identify some of the problems. The body itself was pretty straight and solid... some of the floors, supports and inner pieces have to be replaced.
The suspension was all rusted up, the disc brake conversion was the same. Front and rear axles were leaking, as was the transfer case, engine and transmission. The frame was hacked up in the front and back at some point to fit some kind of bumpers. Header bolts were finger-tight and started backing out immediately.
The EFI setup was problematic; I spent 30 hours attempting to tune it to get it to run less than pig rich. The base timing as it was was 10 degrees off. That helped, but to tune it, the adjustments were limited; Edelbrock's answer was to pay $1800 and upgrade to the new version so I could fine-tune it on a laptop. The wiring was not up to my standards; the AC would only work intermittently. The top disintegrated the first time I used the zippers. The aero fuel doors were impossible to fill at the pump - I had to carry a VP fuel jug, fill that, then fill the truck from the jug.
What's being used from the original truck: 75% of the tub, the roll cage, the power steering setup, the hydroboost setup, the headers, the serpentine setup, the starter and the battery.
You deal with the cards you're dealt - that's why I've got stacks of new parts and rose to the challenge of doing it myself. While I originally bought it to just ride around in and enjoy, the more problems I had or found, the more I became convinced the only way to "fix" it was to just rebuild it myself. Fortunately I have an understanding wife...
Ryan