my dad's 23 was the same way because they used a piece of metal instead of ss or alum like should have been done and the reason your eyebolt and nuts are ok is because its ss. if i were you i would fab a plate of alum or ss to replace the rusty metal one and keep the bow eye. and like you said 5200 her back in.
you should be able to go to any metal fab shop and just ask someone for a scrap piece if they charge you at all it wont be much.
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