Actually, if the hole is only as big as the "bowl" part of the tank, the pinch seam - being an inch and larger around on all sides - would easily support quite a bit of weight as long as it's secured with numerous screws or rivets all along the seam into the cargo floor.
The draw back to using the old tank as a cradle for the new tank is that the new tank will stick up higher than if an old tank were used. I believe the pinch seam on the old tanks is low on the belt-line of the tank, meaning you'd be removing the "deeper" part of the tank - being the top half.
Depending on the contours of the halves, it's certainly possible to use the top half of the old tank as well if the newer tank would sit in it reasonably well...... if any of that makes sense.