As the owner of several AMC's, I like the Rambler's though personally I would have opted for a 73 Hornet hatchback or a 69 Javelin. As for what i'd do with it, upgrade the suspension maybe mustang II and turbo the 360, add a one wire alternator, ford 9 inch rear (amc 20 rears are notoriously weak) Torque thrust rims and drive the snot out of it.

Quinn