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Thank you all for the pessimistic, but accurate replies.
A trailer source confirms that anything I do will not prevent another RAPID rust out. He states that he rust out trailers equally fast on even a duck boat, which never hit salt water... but gets all the salt exposure it wants just from road salt.
Total replacement of the undercarriage, from hangers, to springs, to axle, hubs, and bearings is about $310.
Done.
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