Great to see a Td5 rebuild for a change (as opposed to 200/300Tdi) and everyone likes to see a nice new galvanised chassis being built up.
Have you thought about getting a galvanised bulkhead and cappings too? They always rust even if well painted and I always thought if I was putting in all the effort to do a rebuild I would do the whole lot.
Are you planning on priming and painting the chassis before putting it all together? I prefer a black chassis - just a personal preference - and as it is more subtle looking than a galvanised-finished one I often think it might help decrease danger of theft etc.
In any case, it's early days but looks great so far.
PS Which Td5 engine have you got: the earlier or the later one?