Below are pictures showing the rust my car presented with, I got lucky and it only required wire-wheeling and undersealing. Bear in mind my car has never lived near an ocean, and being in the UK we do not get harsh winters, so there has been minimal salt present. Despite this, all 850s I've come across on that forum have had the same rust or worse.
With the arch liner off, here is the rust I am highlighting:

In my case I could get away with wire-wheeling, and using a flap-disc to get to this position:


From this point I was able to apply rust convertor (Bilt Hamber Hydrate80 is the best on the market, and reasonably priced, if you can get your hands onit) and a coat of Dinitrol 4941 underbody.
4941 appliedExcluding time taken for paint to dry both sides took me around 2 hours, with a materials cost of £30 (Bilt Hamber Hydrate80 and one 500mL can of Dinitrol 4941 - the latter will be sufficient to do both arches, and everything behind the rear bumper with plenty to spare). The added bonus is there is a small reduction in NVH thanks to the underseal on the arches.
For the time and small cost investment I would certainly recommend you take a look under there - it could potentially save you a big headache down the line.







