Hi kkaa,
If you intend to drive this car safely (or sell it to someone else after restoration) please do yourself a favor and replace the frame. Especially, with new 2mm thick frames available from AHSpares; and if you act quickly Kilmartin (both are excellent). Your frame has experienced considerable damage and has been poorly repaired.
Healey frames used thin metal in the frame and inner panels (1/16-inch) and the frames will be further compromised by what looks like minor rust. The steel thickness used in these frames was below recommended structural standards even when new. Please remember you will (i) most likely also find inner frame rust since the C-section frame tube welding experiences shear when the tubes flex letting in moisture and (ii) the repaired bending/rupturing in the frame that you see will further weaken its metal.
So, build a strong car that you can enjoy safely for many years if you want to drive it in a spirited manner.
Good luck with your restoration!
Regards, Bill
"The steel used in Austin-Healey frames has a yield strength of approximately 45,000 PSI and the ultimate tensile strength is approximately 50,000 PSI. These values indicate that the original safety factor to prevent yielding of the frame is about 5.9. A minimum static safety factor of 6 was typically used in frame design at that time.
Review of current American Institute of Steel Construction (AISC) and American Welding Society (AWS) codes suggest, however, that the static safety factor may not be this high due to the C-section welded frame construction. For box tubing of the 3 x 4 inch size, the AWS code specifies a minimum wall thickness of 0.109 inches (not 0.072 inches as in the Healey frame). The AISC minimum wall thickness per code is 0.085 inch. The AISC code is probably the more accurate of the two, as it was significantly overhauled in 1961 to better account for buckling of thin walled tubing. Note, this was 10 years after the Big Healey was designed. This means that the 5.9 static safety factor for the original frames may not be achievable due to compressive buckling of the tube at lower stress.
As a side note, if the longitudinal edge weld of the C-section frame is cracked or split, the continuous circumferential tube "hoop" is then broken, and from an engineering perspective the torsional resistance of the tube is reduced to less than 1% of its original torsional resistance at that location. This important engineering consideration is why racing cars are designed using cylindrical or box tube as opposed to C-channel or I-Beam for frames."