I really think that the right car will stand out as soon as you see it Will.
I think it is better to find a car with the odd rust blemish but the car is genuine and original (as long as it isn't severe or particularly deep rooted) than a car that looks near perfect but has had paint or body repairs done. You never know how well it has been done or what is underneath. With the odd blemish, at least you know where you are with it.
However blemishes coming through on a car that HAS had bodywork / paint in my opinion is one to steered away from, as the repairs have probably been more cosmetic. The obvious signs of this is areas where filler is lifting under the paint. An original car, the rust will be more localised, with the rust areas showing initially as small rust pin pricks, or surface rusted areas where the paint has given way to a rusted surface, but the metal although rusted, is still quite solid. Rust coming through on a cosmetically repaired car looks totally different from rust starting to show on an original car.
I hope this makes some sort of sense!

Register Member no. 1596
1967 Mk1 2000 in Gunmetal Grey
1969 Mk1 2000 in Royal Blue
1970 Mk2 2000 in Valencia Blue
1972 Mk2 2.5 PI in Triumph White
1973 Mk2 2.5 PI in Sienna Brown
1976 Mk2 2500S in Carmine Red