Is this too much?

[Sim6]

So got the frame outside in some good sunshine and the rotted spot looks a little worse than I initially thought. It's in the hardest place to fix as you can see. So the question is should I spend the time to fix this or is this bad enough to trash? I know I can fix it but is it worth the time and how bad is it going to look? The other side has a little of the same but its not near as bad. These are the only spots rusted through. Thanks in advance for the input.
Jeff