Photo of pin not clear enough. Surface "swelling" from rust seems to be the culprit.
Prior owner coated entire interior floor in gloss black (assume POR) and just slopped some on various nuts under cowl. Rust under dash is surface rust only - slightly more than the 72 El Camino I bought in San Diego.
This car however was bought in rural, redwood country near Boulder Creek CA so above average rainfall, dirt roads and uncovered parking is the rule. Assume it was parked on/above wet earth much of its life. It was in an unpaved car port when bought. Car had factory undercoating and trunk floor was replaced when repainted so I thought I was good. After I took mufflers off to do the 5 speed/engine upgrade, I found I will need patches in rear seat floor. Everything else is solid (fenders, doors,rockers, quarters, deck transition, front floor pans)