Oh man, glad to see more eagles getting some work done, but I gotta say, that CV angle is downright horrendous, if anyone wanted to gamble it like that they should bring spare CV shafts. Dropping the center section that far without dropping the subframe too is a recipe for wrecking CV shafts, and it probably doesnt help your alignment/steering problems either. Good luck on those rust spots too, like its been said, that type of front end rot is usually when someone would be looking for another eagle to transfer their parts into. Make sure you tear out any soft metal, clean it out really good, and fabricate reinforcements for everything thats no longer connected. These things flex pretty good off road as is, without massive pieces of missing structure.
Also as a personal tip, Id stay away from POR15. Any sort of rust encapsulator really, especially with rust as bad as yours, it tends to form a scab and trap moisture underneath, accelerating rust. Id suggest cleaning out all rust you can within reason, knocking off the scale, using a rust converter, like VHT rust converter or 3m mar-hyde rust converter (dont use rustoleum rust reformer, its trash), then painting over it and slathering the whole area with some kind of grease or wax, like fluid film, to keep the moisture and salt away. Ive fixed all the rot holes on my eagle this way, and I daily drive it through the south dakota winter, its held up pretty well.