First up. I'm never a fan of doing anything other than properly.
But... if I were going to fix up and blow over a car. I would probably sand and treat the rust as best as I could. Spray POR15 or equivalent on the bits that were prone to become rusty (Even though it says NOT to use it AFTER you've treated the rust).
Then on the rest of the car, prime with EPOTEC 408. Which is a zinc rich 2 part epoxy primer. If you go POR15 on first or the rusty bits, then give it a dust coat of primer after it starts to go off and become tacky, in about 10-20 min or so, that dust coat will let you primer it properly later.
Then prep the car as per normal with Hi-fill or spray putty.. Block it out flat Then top coat.
Dodgy as, but should work for a little while.
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Ongoing Project: 1972 Datsun 510 S13 SR20Det.
http://ozdat.com/forum/viewtopic.php?f=33&t=17898
New Daily: D22 Navara (The new workhorse)
Retired 12/2016: MY98 Subaru Impreza RX
Previous Car: Restored Green 1972 Datsun 510, Hot L18