Witchdoc,
Does the tank have a U-1, and if so was it built to ASME code? You'll need the joint efficiency value E from the U-1 (0.7 if unknown), and the maximum allowable hydrostatic test stress in lbf/in^2; use the smaller of 0.88Y or 0.472T for bottom and second courses, use the smaller of 0.9Y or 0.519T for all other courses. To calculate the minimum acceptable thickness for all courses use (2.6*(Height-1)*Diameter*Specific Gravity)/(Allowable Stress*Joint Efficiency).
579 has 13 sections: Sections 1 and 2 are introductory and Sections 3 through 11 are assessments of the following: equipment for brittle fracture; general metal loss; localized metal loss; pitting corrosion; blisters and laminations; weld misalignments and shell distortions; crack-like flaws; equipment operating in the creep regime; and fire damage. I've had the ASME 579 course but we only briefly discussed the shell distortion section and I haven't had to actually do an FFS for this kind of damage. However, if you want I could look into my copy of 579 I have at my office for more information.
If you want to go the 579 route you'll need some accurate measurement of the damaged area and some thickness readings. You can't take credit for the 347 liner for vessel thickness, since it's only there for corrosion protection, not for containing pressure, but you'll probably want to examine the liner for damage as well. If the integrity of the liner is compromised it will need to be repaired, unless the tank is in a different service now and no longer needs the corrosion protection.
If you farm this work out to someone they'll need this information anyway, and if you're having trouble finding someone I could give you the names of some of the companies we've used.
Good luck.