I guess it would be fun to show what I've been up to with my probeject. Its the same 1988/1989 as yours.
I refreshed all of the suspension bushings, painted the control arms etc. Especially the sway bar bushings were totally shot after 110k miles. The rear discs were a little of a struggle to change out because there is a bearing pressed in, and I don't have a 10 ton press at home. So I did what every engineering student would and did a little DIY. I do have acces to a lathe at university so that helped me out with creating some proper press in tools.
I painted and cleaned up the calipers as well, replaced all seals and dust boots. Of course new rotors and pads. All of the inner fenders were removed, cleaned and painted since these had some overspray from when the car was re-painted.
Last but not least, I ordered coilovers from CEIKA to be able to adjust the suspension a little to my likings. The coilovers look good and will go on in a few weeks, sadly I wasn't able to order new oem adjustable shocks. This would have been my other option, but I think the coilovers will do just fine!
I also discovered a little rust hole just in front of the rear wheel (right and left), on the inside of the "door seal" thing. I would recommend checking since I wouldn't think mine rusted anywhere (been in a garage its whole life).
I got the rust spot cleaned and prepped, will be fixed in a few weeks as well.