fender body Oldi truck rust repair

Hi guys, since I’m not the metal professional, I wanted to ask how I can fix this. It’s about the fender of an old truck’s bodywork. There, where the fender was screwed on to the bodywork, it’s rusted through. The bodywork has a trapezoidal cut-out for the wheelhouse. The fender was probably mounted bare, painted probably only after the installation. On the inside the rust doesn’t go so far and the sheet metal surface is then perfectly fine. nge mal Bilder vom dem Teil an. Shown is the worst place. My plan: I cut the sheet round along the rust line, i.e. a well 4 cm wide strip and weld a sheet strip. I think that I weld on overlap, because you get from both sides, you can protect the overlap area well against rust. Which part would you put off? The faucet or the sheet strip to be welded? I would have said the sheet strip rather. work?