Joe, Evapo-Rust, the Caswell's tank deruster (
http://www.caswellplating.com/restoration-aids/evapo-rust-rust-remover.html) is absolutely the duck's nuts. It's a proprietary chelating agent that won't dissolve the remaining metal in the tank, just converts the rusty steel back to iron. For best results (if it's really badly rusted) you should soak the tank in the Evapo-Rust solution for several days, although they reckon it's pretty much done after 6 hours. It won't hurt the base metal like citric acid will. After you've drained the solution (you can reuse it a number of times) you still have to get the loose particulate stuff off the inside of the tank (even when it's converted back to iron) or it'll goo up your fuel taps and carburetors. I used a generous handful of sheetmetal screws and several hours of vigourous shaking, followed by generous rinsing with a hose (to get all the loose stuff washed out), drying with a couple of alcohol rinses, then rinsing again with the Evapo-Rust solution and air drying the solution onto the inside of the tank. Forms a rustproof coating that's a good base for a sealer.
And the Caswell's 2 part epoxy sealer (
http://www.caswellplating.com/restoration-aids/epoxy-gas-tank-sealer.html) is also great too, I don't know what Pommy fuels are like these days but the Caswell's stuff in my tank shows absolutely no signs of softening or whatever after 6 months, despite whatever devil's concoction US oil companies choose to foist on us as petrol. Just mix equal parts, pour into the tank, plug up the holes, slosh it all around for a few seconds, drain whatever excess, and let it polymerize. With a bit of hot air it's dry in 2 hours.
I had a rusty Honda tank that had effectively put the bike off the road, so much rust the needle valves wouldn't seat and it was hydraulic locking almost every time I went to start it. After the Caswell's treatment (and cleaning the carbs); not the slightest sign of trouble. It's also available in red (Dragon's Blood!), black and blue, don't know why you'd want colour on the inside of your petrol tank but there's no accounting for taste

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Ken