I own a 40Ds , so the keel is somewhat similar.
I also had the same problem as you do , be it not that severe.
If you can find the patience to wait a few more weeks , I intend to post a story and pics from a complete hull/keel/rudder overall.
Meaning scraping all the old AF off , treating the whole ship below the waterline with epoxy barriercoat and coppercoat (homemade) .
I will show you a few pics and supply you with some info now , maybe you cant wait for the essay . I'm waiting for warmer weather to do the hull you see.
I allready did the keel last week , taking advantage of the couple of warm days we had over here.
First of all , scrape the complete keel.
Grind all the rust .
Reshape it with homemade epoxyfiller , meaning refill the holes you made by grinding away the rust.
The epoxyfiller can be made with epoxyresine and added aerosil untill you get a substance like pindabutter.
Dont exaggerate with the filler , aerosol filler is very hard to sand , but is completely watertight.
Afterwards sand the lot .
Cut away the joint (keel-hull) , sand and degrease the area ,tape around the joint and put on Sikaflex 292
With a wet or soapy finger make a smooth new joint.
Take off the tape immediatly after finishing the joint.
Now the keel itself:
After sanding the complete keel, degrease everything.
Prepare the epoxyresin for the first coat , the resin is transparant and I suggest you add some pigment to it (grey) so you have a distinct color difference for future sanding.
After the first coat is tacky (not wet , not dry) put on the second coat.
Same procedure for the thirth coat.
You can also buy the ready-to-use product of course , you'll be paying alot more than when you make your own epoxyprimer.
Then it's up to you to choose and put on the finishing coat , be it normal AF or like in my case (selfmade) coppercoat.
Sorry for the story in a nutshell , but I'm saving my efforts (I'm posting in what is for me a foreign laguage you know) for the coming extensive article as soon as the weather allows me to get the hull done while taking pictures .
Here's a few to get you through if your on a tight schedule for your keel.
Rust coming back every time during the season.
Previous temporary solution with Tec-7 for the losening joint didn't help that much , the Tec-7 came off gradually.
Sikaflex 292 is no doubt a better product. Sorry no pics of that procedure.
Remember degreasing is very important.
Homemade colored epoxy , I've put on 3 (very thick) coats of that.
Ok job done , ready for the coppercoat. Remember , each coat (coat on coat) has to be done within 24 hours -maybe less due to higher temps where you are- so you have a chemical bond between, the coats.
If you wait untill the epoxy is cured you need to sand everything before putting on another coat.
As a rule of thumb , chemical bond is better than mechanical.
Now the coppercoat goes on.
My mixture is 1 (weight) part epoxyresin (resin and harder) and 2 parts copperoxide.
This is (after 2 coats of copper epoxy) how my hull should look like in a few weeks time (depending on the weather here)
I need (dry) temps of atleast 15°C (55°F) around the clock for curing and to prevent amineblush.
Good luck