Not too worried about that.
I'm going to be dragging it to the back yard, flipping it over, and sand blasting the entire underside of the tub followed by liberal use of solvents and brake kleen.
I'm a bit worried about 1-2 inch rocks being tossed against the under carriage at 80-100 mph creating a break in the paint and a vector for rust.
If I smash it into a bigger rock on a trail, that's a different issue...
It's Colorado so not a lot of worry about rust normally, but if I take it out in the winter the salt will eat it alive.
My '04 Impala has rusted significantly in the last 6 years since I moved here from Virginia, and that has a fair bit of protection on it.
I'm going to have to start replacing suspension bolts soon.
Part of what I want to do with the jeep is head for the mountains in the winter, which means a lot of exposure to salt.
So I'm fairly paranoid about the rust
We have tons of gravel and rocks on the mountain roads, as well as dirt roads with 65mph speed limits.
Getting hit with small rocks at these speeds is very realistic.
For the wheel wells I'm thinking about either making a plastic insert or use a liberal quantity of epoxy and rubber to build a buffer.
I haven't found much in the way of skid plates yet, so I might have to make them to get the protection I want.
It's going to be my adventure vehicle, and I want it to last as long as me :-)