Ed,
That looks pretty nasty.
It looks as though the carb has melted a bit (return spring hangar drooping) However, the engine looks to be a very original arrangement, it even has the 67 carb bracket! Very cool car Ed! I say keep those rims! Original is bad-ass. The wiring will be a cinch. Keep us posted on how the claim is handled and help is here if you need it!
Alex