I just faced something similar but different. I had a 23 gal nw tank and needed an in-tank fuel injection pump. The P.O. Had buggered up the sending unit hole trying to put a sending unit in with a return. For the life of me i do not understand why he didn't just use one of the plugged off vent tubes on the side. He used a frame mounted lp and hp with accumulator.
Anyway, i went to a Tanks,Inc PA-4 conversion set up that turned out very nice. Not cheap, but now done right and it completely took out the buggered up mess. I put another proper sending unit in and all is well at about half the cost of a new tank.
If you go to their website, they have cover plates, reinforcing rings and anything like that to deal with automotive fuel systems. You could get a cover plate and ring with the same screw pattern as their in tank pump set up and if you ever needed an in tank pump you would be ready. Use the 4 inch hole as a clean out port.
Follow their suggestions on cleaning out the tank. Vacuum it out through the 4 inch hole as much as possible, then put a magnet inside along with a quart of WD40. Swish it around til you are tired and do it some more. You will be surprised at how much comes out. I just vacuumed mine out really good, then got to thinking about it and went back with a magnet and WD40. Got a full tablespoon of fine metal shavings.