Great progress. You are rocking it!
I think, you need to be content with yourself what you want to get out of that rig and what it should look like.
Normal process of bodywork would be something like smooth out any uneven surfaces with bondo, sand it, filler, put a thin coat of contrast paint, block until real smooth, filler, block again, 2-3 coats of paint, 2 coats of clear ...
But your panels are all wobbly and even dented. I think, smoothing those with bondo might be a nightmare. And you end up with rather thick layers of bondo again, which for sure you are not in favor of.
I guess, you want it rust free, durable and somewhat easy to spot if the red cancer starts again, easy to touch up. And: Look cool

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So, just a paint job is what I would suggest. I personally wouldn't even try to smooth out that thing.. Keep its story visible.
A fresh shiny paintjob on uneven surfaces might look odd.
I'd go for some kind of a vintage look, probably just sand the primer, apply the paint with a roller rather than spray it, and put a semiglossy clearcoat. You might use the cutoff roof panel to do some tests.
Those ripples in the primer indicate bad adherence to the surface. I'd sand it and apply another coat.
The sticker unfortunately has to come off, I think. It likely will start peeling once paint fumes get near it. You likely can't clearcoat it either. If you just leave it, rust might start under it at some point.
Good Luck Ralf