My thanks to Jim Lusk who is the K-Member guru around here, especially modifying a stock spool mount K-Member for a big block!
And I agree, the factory welds usually are terrible throughout the years.
I applaud you (the OP) for making the post about your problems with your K-Member with detailed pics.
Truth be told, I am a journeyman welder that knows a thing or two and has modified/reinforced several K-Members over the years...
That being said, I really prefer the '73 and up spool mount K-Member over the '72 and older puck mount ones. They seem like a stronger design.
But, The puck mount K-Members are good as well... as long as you use a torque strap on the driver's side.
Do what you need to get your car on the road whether you fix what you have or use the older puck style...