Rust near my rear shackle mount, what do you think?

Good day Poconos ! ! ! While I'm no expert, I do have a body of a 65 Dart whose undercarriage was in a similar condition when my old man Doc Wayne got a chance to look at, and one of the many of things he noticed was that area of rust around the Leafs mounting points....he mentioned it'd be better to get that taken care of over not doing it, so I'd have to go on that page and say have it welded/replaced/shored up as it's an accident waiting to happen otherwise if you don't....an with that area of metal failing, it would be a pretty epic fail on or off the road, wherever it may happen.....

I'd like to see others response on this but I've come to learn that ANY spot that might be compromised by rust is an area that should be totally replaced...hope this helps somewhat...m