I agree that spending a ton of money on the tank is silly, but you can save the tank if you want. Just do your nuts and bolts thing (or course sand) then, after its clean, pour in some epoxy paint to coat and seal the metal. It must be epoxy because it's unaffected by gas after it cures. But really, how much money is your time worth? That's a lot of work for dubious results. I just bought a tank off eBay for less than $35 bucks... including shipping. http://cgi.ebay.com/ws/eBayISAPI.dll...m=140777024632 Bargains can be had, just look for them.
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1987 V20 w/1987 150HP Yamaha on a Shoreland'r Trailer
1978 16.5 Airslot w/1996 120HP Force on a Four Winns trailer
1996 V21 w/1993 200HP Mercury on a Shoreline Trailer
All towed by a 5.7L Hemi Durango.
If God didn't have a purpose for us we wouldn't be here, so
Live simply, Love generously, Care deeply, Speak kindly.
(Leave the rest to God) 
Silence, in the face of evil, is itself evil. Not to speak is to speak, not to act is to act. God will not hold us guiltless.
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