UPDATE:
after work yesterday afternoon, I spent some time in the engine bay of the white shell, tearing it down. all in all, everything looks good...no rust hiding in any corners, and it looks like almost everything is still in place, besides the engine, harness, and trans...all of which is being pulled directly from the blue car. In addition, these pieces will be pulled from the blue car, re-painted and used on the white car: hood and both front fenders (have minimal rust around the edges, probably when motor was yanked? etc.); both headlight covers have small rust scratches too; front bumper is torn up a bit; side view mirrors; 80% of interior and of course the drivetrain.
So next steps include tearing town BOTH engine bays, BOTH interiors, refreshing the GTE (various oil drips), etc, etc, etc...I should have PLENTY to do for a while!!
I will keep this thread updated regularly.