I'd say it's worth taking a look at.
My car had some bad rust at the sub frame on the left side. It wasn't right where the arm connects, but in between the two connection points. 2 sides of the bar were rusted through. Cleaned it up and had it welded, and haven't had any issues since.
My car was a summer car (up until I bought it...), and the rest of it is really clean. No more rust anywhere. What can happen sometimes is that mud. crap, and salt will get in through the hole in front of the control arm mounting points, and all that crap makes it rust faster.
Yeah, the rest of the car could be all rusted, but you could get lucky like me.

If it's close, go take a look.