Vtx531
TJ Addict
WordAny rust removal, done properly, is going to be a LOT of work.
Its not bad overall but where your rust is bad, it's bad. I'd be concerned with the skidplate (and driveline) completely falling down if you hit a big bump like railroad tracks or something. Maybe keep a few ratchet straps with you in case that happens. You can wrap them around the bottom of the skid and top of the frame rails to limp home.
What size tires are you running?