here is what i did to mine. i sanded off and much as i could. i then used por15 all over the rockers. once that was done i sprayed all the holes with greatstuff. then once dry shaved it off and did a quick and easy coat of bondo, sanded it down, then taped it off and primered it. i then sprayed it with a few coats of bedliner spray.
its been a year now and its held up.
[image] http://scontent-b-ord.xx.fbcdn.net/hphotos-ash3/537838_10151234875477657_1875791925_n.jpg%5B/image%5D
put the flares on it because the rear wells were getting rusty. just basically cut the rust off there and painted. with por15 there too. the stuff costed about 50 bucks the flares of the bay for 140 bucks. not bad.
i can see rust starting to come back through the bed liner just a wee bit though. if i get 2 years out of it i’m happy.
bought the truck with 90k miles on it last year for 4k. thought i got a deal.