I'm glad you're putting in the effort & cash to save her.
YES I know that adding $300 to a rusted out P seems silly to many.
Just remember that while you can
buy a nonrusty P beater for that some places, other places have VERY little to choose from.
I think it looks like a 'best possible for the money' weld repair job from the pics, hard to tell for sure without looking inside with a lite & mirror. Just remember that the MOST important area structurally is the floor sheet, which is in
tension under load. Look for bad areas there under the tunnel. The upper tunnel is under
compression loading and could only fail by collapsing into itself. This considers the primary loading, but does ignore torsional loading which should normally be much less.
If you imagine a bodge with a broken in half body, you'll likely expect the floor torn apart with a big gap by tension, while the top is still barely joined but bent by the collapse of the unsupported center. Yes, I've given this some thought. QUITE a lot of thought in fact:

This is 'Fang' as received and poor girl hadn't been loved for a long time.

Her motor was
also welded successfully(outer case half was actually in halves itself, broken thru the middle). Whoever did it did an amazingly good job & apparently also rebuilt the motor
except badly needed new motor mounts. I like that he did add a bridge piece on the tunnel repair.

She now rides like a good wind, fast, straight and smooth. Mostly loverubs, very little new paint except cowls.
I swapped the amber turns for clear, that's about it for beauty. The rubber mats are for utility, lift 'em out & clean the whole floor, no lurking rust.