Which Challenge for a Bargain Hunter - Cosmetics or Mechanics

[kgb64]

So let's say you are deciding between two less than perfect 3.2l cars:

Car 1 - Is a 2001 and has 110k miles in good cosmetic shape with an owner who has opted to sell the car rather than fix things like rear brakes, window regulator and MAF. Mechanic says oil filter shows no sign of IMS debris. Clutch was done at 85k.

and

Car 2 - 2000 with 72K miles with very good mechanicals including a recently performed clutch and IMS bearing (though not LN interestingly enough) but cosmetic issues such as deep scratches in the front passenger fender and door as well as interior trim that needs to be re-glued. This car also happens to be a color combo that you like slightly better than car 1.

Assuming that each is going for the same dollars, are equally good values vs the market, and you are comfortable doing most of your own work other than paint and major engine overhauls, which would you choose?