Heck, that's in great shape. I mean you didn't fall through it when you stood on it to take pictures
I refurbbed a couple RFM's. The five footer had some serious deck rust and the 90" had mostly baffle damage from rust. Both needed the "bumper bar" that runs around the front of mine (Caroni).
Start be removing everything that is bolted on and get the deck up on sturdy sawhorses. It's a whole lot easier when you aren't groveling about on the ground.
As mentioned, remove rusty areas back till you find solid material.
Cutting with a grinder is fine. The biggest mistake most people make it trying to use a cutting wheel like a circular saw. It will cut 10X the metal if you gently score back and forth just till the wheel breaks through. The weight of the grinder is all you want.
I cut some 10GA galvanized with my DeWalt 20V jigsaw and it went better than when I used my sawzall.
Cardboard templates are great to trim to shape and trace on the new metal. Cut slightly larger pieces that can be trimmed a little for the real fit.
Tack tack tack in different areas. On something long or wide I'd start in the middle and work my way out. Wirefeed is easier for me when doing lighter material. A REAL weldor could use stick