That size tank is more realistic if you are going with a metal frame. I still think wood would be the better all around option at that size but metal will work out just fine.
The way I would build it is... 3"x1.5" with 1/8" wall rim, top and bottom of the tank with vertical supports (2"x1" 1/8" wall) every 12-14". Like a wall frame. Like this but metal...
No need for cross bracing on the tank. If you are building a stand than depending on the design you might need cross bracing on that. You will want one "cross brace" to go across the middle of the top rim of the tank, due to the length of the tank.
**Just so you know, you could build a tank to your dimensions, like the one shown in the picture and it would be plenty strong. No need for metal. I am going to be building an 8'x8'x4' tank in the future, that I plan to build just like this one with just a couple small changes.**
I would still go with plywood on the inside. If you wanted all metal, you could go with sheet metal but I would not go any thinner than 16 gauge, 14 would probably be best. You would need to stitch weld the sheet metal to all the supports. You will need a decent welder and have some decent skill to do this and you will still get lots of warping in the sheet metal that you will be pounding out.
If going with plywood on the inside (3/4"), I would drill and counter sink holes (in the wood) for machine screws that go through the plywood and vertical supports and lock nut on the other side. You would not need allot of these, just enough to hold the wood firmly in place.
To protect the metal you could have it plated (several options there) or powder coated. You could also just clean it up and paint it with Rustoleum paint yourself.