First I want to extend my thanks for each of you who have responded. While I have used Kreem & Caswell tank products in the past, they were on much smaller and less complicated tanks than our R3's come fitted with. In order of response I'd like to address your individual suggestions:
Hoopla: Ouch! I sure hope it doesn't come down to purchasing a new tank. You may be right of course... I guess I was only going to consider tank replacement as a last resort. This R3 is not running; once I get her started I will be better able to assess what else I'll need to replace and repair. A new tank would have to wait (a good used tank is a solid possibility though).
Stillserving: You've inspired me to at least try it! Plate on the bottom is smart idea... so is plugging the vent lines. Yeah, this is a big job, one I certainly don't want to rush into. I am considering doing one half of the tank first (like the bottom portion) then doing the upper 1/2 portion. I should check with the product maker and see if this is feasible. I agree that getting the flaky surface attended to is critical before application of the product.
Tripps: I've never heard of using a bathroom cleaner called WORKS until now ~ wow, I am excited to try it!! Thank you
FE_rex: This is also a first for me... broken safety glass is rough, heavy, and probably less likely to mess anything up inside structurally. I might try it and get back with the forum on my findings. Thanks for the suggestion.
cootertwo: I've got plenty of that material out in the barn (nuts, bolts, etc)... great idea. I'm thinking maybe of combining the broken safety glass that FE_rex mentioned in conjunction with the metal hardware. Do you know if the tank sealant is compatible with OSPHO? It seems like a good idea to pretreat the metal after cleaning it but b4 putting in the tank sealant provided the sealant will stick to the Ospho. I am thinking I should try these suggestions and then do a report back to the forum on what I learn. Worst case scenario is I'll be buying a new/used tank if all else fails.
My thanks to all of you for sharing your thoughts. It's appreciated!