Advice on rusty rocker panels is tough, because no one makes repair patch panels for these cars. So, it means repair patches would have to be made by hand for each area.
Note that once the pinch flanges begin to rust enough to weaken them, there are often many other areas reaching the same point. Being a unit body, all panels are important for strength and rigidity. When I was faced with a badly rusted, loved old Camry, I bought a rust free donor car and swapped body shells. It was a lot of work but eliminated countless hours of cutting and welding rusted portions.
Removal of subframe is usually pretty straightforward: there are 4 large nuts holding it on, with large washers and long studs which thread into weld nuts in the body. Typically, this arrangement protects the weld nut in the body from rusting, so even if all the rest is rusted scrap those other portions can be replaced.
Note the sway bar, trailing links, parking brake cables and brake lines must come off first*, then dropping the subframe is pretty simple. After that is the removal of the radius links and the hub/knuckle. The bottom bolt through the knuckle is usually a real bear. Lots of penetrating oil, heat and force to loosen them before starting the rest of the removal is best (use the car to hold it while you lever with long lever arms back and forth for a while till it starts to move). Ideally, get the whole thing from a rust free donor and throw the old knuckle away with all the links (a real time saver).
Norm
* edit: and rear portion of the exhaust