It does appear the upper control arm has been hitting the bumper can't quite see the lowers. Put a dab of grease on both the upper and lower rubber bumpers bounce the car up and down and/or take it for a spin and see if it has been contacting the rubber stops? I suspect it has been and your torsion bars need replacing. Also unbolt one end of the shock and cycle it and measure to be sure it's not bottoming out either.
How does it corner? Does the horizon change much?
I'll bet it has a ton of body roll.
Do the same with the rear pinion snubber, dab some grease on it to see if it's contacting the floor and bottoming out. It's no shocker that after 40 plus years the suspension is wore out and needs replacing.
I suggest either Firm Feel, PST or Just Suspension 1" torsion bars and RCD Bilstein shock for a everyday cruiser. For the rear either add a leaf or replace the whole spring ( preferred) I'd suggest ESPO, not terribly expensive.
http://www.springsnthings.com/leaf-spring.htmhttp://www.firmfeel.com/e.htmIt's also highly probable the bushings are wore out in the upper and lower control arms as well......
Use the Moog upper bushings to gain all you can get for castor . I don't mean to overwhelm you but these cars are over 40 years old and need some "loving"