That sounds in a bad place to pull.Some say it's hacking but I don't think so if done right.If there's a really high edge around it from an angle hit I try to pull it but usually just end up hammering the high down a bit.A straight on 'perfect' hit I try to tap the whole edge a touch lower.Once you get the dent filled and shaped to the edge of the dent,another coat spread out a couple inches usually will melt it out.If you hit the high edge and it still feels funny,put another coat on but extend it out farther.If it's in the area I'm thinking,you might have to work out 4 or so" to melt it out.I'd definately strip it,there's alot of paint there,especially if it's 2 tone in there somewhere.I do all my body work over DP epoxy,but I almost always start from steel.I don't like water in my tanks either,the inside is probably already covered with an orange tinge.You'll probably be better with stipper,just stay away from openings ,seams and welds.The repaints will come right off but the factory stuff is harder.I finally got my tank stripped yesterday.The reclear (like 8 coats) peeled first shot but the factory 2tone took 2 more heavy coats and I still had spots that needed a good 180 to hit metal.If you sand it with 40 grit or scratch it up good first the stripper will work faster.Don't be surprised to wait 20 minutes for a coat to work,but keep it wet with another light coat if it starts to dry up.Wrapping it with thick visqueen will slow down the evaporation process.I use a 3M Scotchbrite on a die grinder to remove everything else possible (it's a black 1/2' thick wheel that mounts like a cutoff wheel).Anything I can't get with it gets sand or bead blasted.Make sure all openings are sealed up extemely tight though for blasting,the dust gets in places really easy if there's even a thought of a leak.If I can't get a tight fitting cap for the petcock or crossover and vent tubes,I wrap masking tape tightly around them until the tape is about 6 wraps thick and pinch off and rewrap the end.The gas filler gets a wide double layer of 2" tape so it's definately sealed to a few inches of steel surrounding the hole.This is the quickest way I've come up with to strip a tank that isn't sandable,but it still takes a while.Don't forget to neutralize the stripper by red scotchbriting while flushing with plenty of water or prep wash(the latter gets expensive).Post some pix when you're done.