Had a '81 F100 truck from up north given to me years ago.
They acted like it was a $4,000 truck, probably cause were overcharged being gullible and not looking under the truck.
I don't think they ever washed the road salt from under it.
Last trip up there 7 years ago, a car wash is like $4 for 3 minutes if even that long,
no wonder so many vehicles rust away from years in the north.
It was so bad the 7th month I owned it, the brake line on the frame to the rear brakes rusted into.
Fixed that and sold that rusty beech the next spring for $700. Fully disclosed the rust issues to the buyer before they paid for it.
That 1996 cancer will have to be cut out, a patch panel welded in, polyester filler, rust proofed with something and then you can bedliner it. I've heard of a product called POR-15, but I would think you can't just paint it over rust and stop the cancer.
The radius of the fender wheel well opening you want to match can be measured from the lip of the wheel well, how wide is the roller your going to use from the bedliner application kit? Wide enough to cover the width at the top of the previous repair?
Just line the clean roller up with one edge on the lip of the wheel well, maybe with a block of narrow wood and follow it around the whole opening keeping the clean roller in contact with your guide block. Marking it every couple inches, then you can come back with a narrow tape for a clean edge following your guide marks. Apply a wider tape over that further out maybe an additional width to cover any possible spillage, mess ups.
Practice free hand bending your narrow tapeline on the marks till you get something that looks like a good radius. Sounds like it's gonna take some experimenting as to see what looks good.