GroceKU -
Call me paranoid ... but I'd advise a HUGE measure of caution with that tank. Somebody scabbed the legs on to what was originally a horizontal tank, and as you said, they did an ugly job. OK, it might pass a pressure test today. But the pressure cycling the tank would undergo in normal use would continue to stress (flex?) the welds, and might eventually cause one to fail. Not a pretty prospect. OK, the "old time mechanics" reassured you. But if at all possible, I'd suggest keeping the tank outside of your normal working area, with a sturdy wall between.