I love these cars. They're so stylish :)
As for ideas, there's a few things you can do. There's the rat rod style which is a little impractical but cool if you're into it;
Pimp it... not; keep it grandpa spec and leave the hubbies on and venetian/picnic rug the shit out of it.
What I would do with it is give it a decent restoration, paint it black or white only and give it a set of tough oldschool muscle
car rims like hustlers. To me, these cars always look the best when they are basic, but tough.