Thats a tough one. I had the same dilemma so what I did was I bought new seat covers for my K5 Blazer (which needed them) and then took the old ones and ran them through the washing machine and then let them dry and used them on the Chevelle for now until I get them rebuilt. I figured since my car needs new foam, seat covers, chrome plastic trim, headrest covers etc... I'd just use the ones from the truck that weren't so bad so I wouldn't be spending the money twice. I'm also on a very tight budget so I know where you are coming from. It would be easy for me to spend your money for you and say go for the seat restoration but in a position like that I'd rather see the money go towards brakes, fuel and electrical. Once the car is on the road and running and driving you can re-cover the seats.
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1970 Chevelle SS396 project with 454/M20 ps,pdb,U14 gauges, rear defroster
84 K5 Blazer 350/SM465
75 K5 Blazer 355/SM465/8 lugs
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