In post 3, T4Turtle said he was going to remove the rust with Naval jelly, and 00 steel wool.
I went and got my data sheet for DPLF. here is what it says about surface prep:
1. Wash with soap, and water, then clean with DX 330
2. Sand bare metal completely with 80 to 180.
3. Re-clean with DX 330, wipe with a clean damp cloth, to remove cleaner residue.
4. Chemical treatment, or the use of a conversion coating will enhance the adhesion and performance of the finished system.
5. Prime carbon steel immediately after cleaning.
Naval jelly is phosophoric acid, in a gel. i am not a fan of POR15, or Rust mort. I know it is a PITA, but remove the rust with the steel wool, and naval jelly. Using the naval jelly is using a conversion coating.
As far as the old DPLF, open the can, and look at it. you also have a new can you can compare it to. The old can probably has some solids settled into the bottom. break then up, with a stir stick as best you can. Then shake, stir, or use a mechanical mixer on an air drill to mix it throughly. Maybe take the old can of DPLF down to the paint store, and have them put it on their shaker. Again compare it to the new stuff.
To be safe, mix up a little of the old stuff, and spray a test panel.
I used this basic process on a boat trailer. Unfortunately, I just did it this summer, I will have to get back you in five or so years, let you all know if the rust has reappeared. There were several places on the boat trailer where I would sand, scrub with steel wool, and Naval jelly, use a wire wheel on, re-sand, re-scrub with steel wool, and Naval jelly, back to the wire wheel, and with each cycle, more rust was coming off the boat trailer.
I would use the old DPLF, but I know the conventional wisdom is to not use it. That is why I suggested to do a test panel.