George,
I noticed the floor work you were doing and thought, he really ought to sandblast that rust. But not everyone has a sandblast setup nor wants to deal with the mess. If you've got an air compressor, here's a tool that lets the average guy eliminate the rust with minimal investment.
http://www.tooldesk.com/products/pro...il.aspx?id=688
These are sold in auto parts stores as well. With a little common sense and careful tarping and masking you can control the amount of abrasive that gets spread around to a manageable level. As with any media blasting - wear appropriate eye and breathing protection.
By eliminating, rather than encapsulating rust, your free to apply protective coatings to solid metal rather than attaching it to HOPE. Your choice of POR15 for sealing the floors is a good one. For any pin holes, try a layer of Metal-2-Metal, sold by Eastwood and others.
Your plan for machinable epoxy at enlarged screw holes should work but nothing compares to welding the holes and attaching to metal.
As far as using the original Jute matting- even Alfa decided there were better materials available. Think about where the moisture goes when your restored baby gets rained on unexpectedly - how do you get the moisture OUT of the Jute? Use an up to date - sound deadening mat.
