I ran into this problem with my '58 Buick Special,this summer. I used a product from The Eastwood Company. It does involve several steps after removing the gas tank, but so far seems to be holding up well, only time will tell for the long haul.
I will say I used a similar process, called Kreme, on the gas tank of my '81 Honda about 10 yrs ago and it's still holding.
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