The vertical metal is tubes that the coolant flows through. The horizontal zig-zaggys are just the fins that dissipate the heat from the tubes. It's not necessarily junk if it doesn't leak. But, besides leaking, the tubes need to be clear so that there is good flow and good heat transfer.
Just drain it well and store it away. You might also consider taking to a radiator shop and seeing how much it would cost to refurbish it. It used to be common practice to boil them out but it's not so common anymore. Caustic chemicals and longer-lasting coolants make it not so profitable.
I had good luck with a parts store Murray radiator. Many of the aftermarket radiators out there are meant for underhood flash, like cold air intakes and chrome hose fittings. Make sure you know what you're getting. And electric fans don't really add much, they're kind of for show also. A shroud, a good fan clutch, and a good radiator works really well. The cooling problems you read about are from 40+ year old parts, not the design of the system.