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can't wait to see it complete!
Coat both sides of the rusted metal. I even use it on all welds I do. It will seal out the rusted metal for good. You can even use it with fiberglass cloth. It really is a good product.
Why don't you buy the after market corners? It's a much better repair.
When you guys come in and say that the only way to fix something is welding in new metal, you're making it so that the newbies are forced to line the pockets of bodyshops, or putting the project out of reach.
"Right way" and "wrong way" definitely have very broad definitions based upon any particular person. Just seems to me that when you weigh the long term cost of fixing something twice vs doing it right once, the first option doesn't make sense.
I don't think it's putting it out of reach at all - assuming you're starting with nothing, no tools, welder, compressor, etc - the cost of buying a brand new welder and angle grinder from Harbor Freight is pretty small (like $120 total.).