Thank you all for your very valuable advice. In the end my welder pressure tested the tanks said I had hundreds of tiny little holes not on the weld lines but just back from the weld lines as depicted in this picture.
I had already ordered the kit depicted in the 2nd picture attached which comprises some Cleanser, some rust converting/etching product and then an epoxy paint/sealer.
It is intended to be applied inside the tank. I also ordered JB weld in a professional size for the outside but in the end I don't think I need it.
The product seems to be fantastic in so far as after inserting the paint and turning the tank every which way and draining much of it back into its can I put a rusty old baking tray under the outlet just to catch the last few drips.
There proved to be a bit more than a few drips and although I can't play with the inside of my tanks if the epoxy paint sticks inside the tanks anything like it has stuck to the baking tray I am ecstatic.
Effectively I think I have a plastic tank with the old steel tank just acting as a female mould. I guess time will tell but the product gets my vote.