I recently fixed all the dents and painted my 550 tank. I pulled the dents with a stud gun and had holes that needed closing and yeah, not a big deal at all. Leave the petcock out and open the cap (if it's still on).
Mine aired out for about 3 days before I did any work on it so it was mainly fine there. You may see some small little flare ups if you have some vapor left, but noting that won't burn itself out in 2-3 seconds. Mine didn't do that you should be fine (well ventilated shop, etc.)
Also, at least on the 550 tanks, be careful with your heat, the metal is thin and your puddle may fall through if you get it too hot. It was a lot of "weld for 3 seconds wait a minute" when I did it.