Dents I don't mind... they are easy to take out. It's the rust that is the problem. I suppose I could get some bondo and take some time with them, but it's going to be a few hours of body work regardless.
I ordered rims and spokes that will be at the shop tomorrow. The frame and fork have received two coats of white paint and as of 1 hour ago, 2 coats of blue paint. I will remove the tape on each tomorrow to see how that came out, and if I'm happy with it, I will start overwhelming them with clear coat. The tank just got its second coat of rusty red primer and the chainguard has one. I'll see where the chainguard is at condition wise and decide if it needs some work and more primer, or I will just go ahead and do it white.
Everything will have at least 2 coats of white on it. Some parts will have blue and lots of clear on top of that (frame, fork, tank, chainguard, fenders), and other will just have the white and clear coat (truss rods).
I did something interesting with the parts listed below. With the exception of the front hub, they all got 1 or more coats of grey primer. All the parts received multiple coats of Rustoleum chrome spray (1-3 coats), and up to 5 coats of clear on top of that. It says on the back of the cans to not use clear coat on that chrome paint, but it wasn't until I already cleared it that I realized. Fortunately, it takes away from the very cheap looking idea that it's chrome spray paint and makes the parts look very nicely powdercoated.
Here are the faux-dercoat'ed parts, all of which are original to the bike:
Rear hub shell
Rear skiptooth cog
Coaster brake arm
Kickstand
Skiptooth chainring
One-piece crankset
Headset cups
Truss rod bracket and hardware
Headset preload nut
Front hub shell
Although I did do the headset, I am undecided about using the original one or a new one. I will probably go with the new one if I can make it work.
I did not do the handlebar and stem yet.
The fenders are a nightmare.... I honestly don't know what I will do with those.