If it were mine, I'd be sure to take a razor and scrape scrape scrape all the old silicone out, and then clean with pure Acetone...
Either build or have a a bottom frame built that will fit over the old one. It is NOT just a decorative piece. It is there to keep the pressure from blowing out the bottom. The bottom has the greatest outward pressure...
You can have it made of sheet metal, like a band that slips down over the old trim. Be sure to fill in the areas that the trim pieces are missing too...
When you reseal the tank, use masking tape to make the lines even. After putting the silicone in the corner smooth it evenly with a rubber spatula or one of those tools made for smoothing out silicone joints...
http://www.homedepot.com/webapp/wcs...D24X-_-100666143&locStoreNum=1843&marketID=21

after the silicone sets up a bit peel off the tape and you'll have nice straight even seals...
Take your time and do it right the first time and you'll be glad you did.
Alot of guys just wing it, and they wind up wasting all the materials, and it either looks like a ghetto job or it leaks like like a sieve...

and good luck...~BenO