Wow.  I looked at your thread. Inspiring. Now I know what a really bad body looks like.

Somebody did a bunch of work on the body of mine while it was on the frame and the welds don't look nearly as nice as the ones you did.

Congrats on your new project and welcome!  You are in for some fun times. 
My M38 also came to me with a little wolf in sheep's clothing surprises.  If you are handy you can make a lot of stuff yourself.  The payoff is you save a ton of money but it requires a lot more dedicated time.

If you are bored sometime, check out my restore pics on the blue link below.
Brett

Keep going with it, you will be suprised and pleased with what you can do. Here are my pics on this site. The albums don't have much for my jeep but the pages on this top bar do. I have sometimes gotten a little discouraged with how long it has taken but looking back realize I did a lot of work and biggest drawback was lack of work space. Plus I didn't know what I was getting into so what the heck just go ahead and start

http://www.surfacezero.com/g503/showgallery.php?ppuser=689&cat=500&page=1

Reached a decision point today with regard to getting the tub off the frame...the wiring. I initially thought that I was going to save the wiring, it isn't too bad and looks like it was done pretty recently. That was until I went under the dash an was confronted with a bunch of electrical tape and a mishmash of wires. Time to get out the wire cutters. Not happy about the expense and time of a rewire, but not having to worry about keeping track of all the wires at this point is a plus. Getting close to the point of tub removal...

I just finished (nearly) installing a harness from Walck's. It is a well made harness with excellent fit. Best to call with your needs though as the web site can be a little confusing...

All your pictures didn't open for me at first....now I see you have an alternator.  I think that any harness from Walcks will be for an original 6v jeep with a generator.

Got the steering wheel off last night.  I used a gear puller that I both from Amazon (Professional Automotive repair 14pc Gear Puller set) that was about $25 bucks delivered. The bang when the wheel finally let loose was impressive to say the least. On to the next challenge.

Got the tub off of the frame. The good news: frame looks to be in excellent condition at least from a first look standpoint it doesn't appear to need any work.

The bad news, the tub might not be worth saving.  Firewall, dash, and cowl, are generally fine. Floors need work, but are doable. Power wash revealed original paint colors that don't match between floors and rear bed. Rear bed was poorly replaced sometime in the past.  Between rust, support replacement, poorly done Bondo, sheet metal welded on top of side panels around rear of jeep on both sides, and more "fun" items, the cost involved in replacing everything, from the floors back (toolbox might be salvageable) gets pretty darn close to a replacement tub. Not an easy call, but at the moment I am leaning toward purchasing a new tub. Taking this path doesn't feel quite "right," but given what little there is to work with and my limited skill set, it may be the best course.

Good advice.  Reading the MDJuan thread on this site has been helpful. It looks like a number of improvements to the tub have been made very recently, although it looks like some issues still need to be addressed. 

Steve