I would avoid using a sealer-however I have used them and Bill Hirsch gas tank sealer is one of the best. It is white in color- put it in my 51 chevy tin wood 10 years ago and tank is still in excellent shape. The main advantage of the sealer is that it seals pin holes.
Ummm, just a little heads up here based on my experiences, the Bill Hirsch stuff is Permatex Gasket Sealer. Ask for the MSDS on it and you will get a copy of the Permatex sheet. Some people do not have issues with it while many others do. What I do know is hot caustic makes Hirsch's sealer gummy however it will not dissolve it totally. The other big failure that I see is many that seal a tank never get all of the tank coated inside. Often times when they are cut open, we find the bottoms and the tops are somewhat coated however the baffles and other parts do not get coated. Guess what happens then. (see pix below)
One point that I will make on this for the ones who are choosing the "no sealer option" is, when you have cleaned all of the rust out of the tank, what keeps it from re-rusting inside? Most fuels today have oxygenizers and all kinds of additives which like to encourage rust to form on bare metal. Do you think a constant-full tank is the answer??
And finally, a thought for some to ponder on. When you have your engine restored (i.e.: rebuilt) you naturally want it to last for awhile but most realists would agree that at some point it will likely need rebuilding again. The same for new tires & tubes. We spend nearly $1k on quality tires & tubes however most folks realize they are only for a time until they will need to be replaced. The same applies to paint, upholstery, chrome, etc. So why do people skirt the idea of restoring a tank, ...and when they do attempt some type of repair/restoration, it upsets them if there is a possibility for it needing to be redone somewhere in the future.
Granted, not every car needs the door latches, window regulators, and speedometer restored, ...and likewise not every Model-A gas tank needs to be restored either however, just like the latches and speedometers, many do!
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