My plan is to lead solder these holes and maybe some of the other deeper pits. Any thoughts on that? What about flamability issues? Should I wash the tank out first? Any input would be appreciated.
Pissin in a strong wind! A good used tank would be best.
If you have to fix that run a hose in it from a running engine exhaust pipe and cut the bottom out. A bomb requires oxygen. No oxygen no bomb or very little reaction. I accept no responsibility just sharing the idea. Then install new material.
The other side probably will not be far behind. I would remove and pressure wash it out let it dry in the sun. Then there is a product for sealing tanks. One brand name I believe is called Cream. I have bought another from JC Whitney and I am sure there are others. It has to be put in the tank and the tank rotated coating all of the interior. That will be tough in a big tank like that. Follow the directions and let it dry. Have had good results.
Suppose you could do your lead solder and then seal it. The sealer will catch up all your media trash as well.
If those bad spots are at the straps and brackets it will require extra preparation.