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I'd do an Evaporust treatment, easy, safe and cheap, then flush then keep the tank mostly full year round.
No reason not to line the tank with Caswell "Dragons Blood". Bonds any remaining debris so it will never contaminate filters. Ensures that the tank will never rust no matter how much water on board. Cheap insurance that any "almost pinholes" never progress to leak status.It's preventative medicine. Coat it and never again worry about tank problems.
What do you do with the petcock and strainer for this procedure? Just plug the opening with something?
There is another option.Electrolysis Plenty of youtube vids on itRequires vinegar, a low voltage power supply. A steel electrode, some wire to connect it all up.I used this method to remove the majority of rust from a R100rs tank that had been sitting half full of very old fuel for 23 years.Its been in storage for 4 years since then, I need to finish passivaating it and seal it.It works well, non toxic,cheap.(apart from using science is the cost factor enough for Guzzi content?)Well worth looking into.
I don't know but that looks bad and should be dealt with as soon as possible. I use KBS coatings and just did on my '98 EV as it had been neglected for some time and I have done several tanks before. The problem that I had on the EV was that the liner was coming up. On my Harley, the liner was shot so I had to use stripper to remove the liner. This is a very tricky job. The tank was done like a late 30's Knucklehead and I didn't want anything to affect the paint job. Needless to say, a lot of prep and protection. Their system is 3-fold in that they use an environmentally friendly cleaner, then after drying you use a rust inhibitor, and then after drying you put in the paint but carefully plugging any holes before any paint. I used a combination of grease (inside the fuel feeds to keep paint from adhering) then cut down wine bottle corks fastened with electrical tape. Toss and turn the tank thoroughly to seat all the paint and do it often over a 1-2 hr interval. Luckily, on the EV I was able to use a knife and cut away any loose liner as that was the area that was affected where the fuel nozzle sprays fuel. Take your time, this is not something that is done in a day. I did the EV over a 10 day period to insure that everything was dry and cured.
There is another option.Electrolysis