If you go with the air...don't fill it with more then a few psi... You would be surprised how much damage 5 or 10 PSI can do.
You can always fill with water, dry the outside and see if there is leakage
I'd go with this type of test, but I'd get an air pump like you'd use for a basketball or a football, and a rubber cork type plug from a hardware store.
Poke a tiny through hole in the cork with an ice pick or seal pick or a nail or something for the air pump needle to go through.
Block the tank up on a couple lengths of 2x4, and with the petcock still attached and in the on position (don't want to damage it), put on a short length of fuel line and fold it over and clamp it tight so it doesn't leak.
Fill the tank 75% with water then cork the filler and stick the pump through the cork, only 1/2 stroke on the pump should be plenty for a couple pounds of air.
Watch for leaks or drips, leave it overnight and check again later, just leave it with a pound or so of pressure on top of that water.
Does anyone think this would add any value to the test?
-A