First I would say, "is it worth it?"
Only you can decide, myself, I would probably opt for a water tank.
That said I find myself doing several things which I reccomend to others not to do
To dehead tanks and such, I made a socket out of two spring hangers welded together to form a rectangle, reinforced the back of it with 1/2" bar stock, and welded on a 1" drive socket. I then put this on my 1" impact gun to remove heads. As dad say's, come or bleed. (ie, something will happen when you get this lashed up)
As to how to weld tanks that have held combustible and flamable products, AGAIN, I would tell you not to do it. What you are trying to build / do is not worth the risk. Professionals, with all the monitoring equipment, and with proper purging etc. etc. still get injured and killed every year when things go wrong.
My latest (I wish I could say only) was reworking a BMW fuel tank, after cutting it half way apart, yes I said half way, and then it blew............ enough of the metal had gotten hot enough, enough of my purging gas had been released, I got the materials between their LEL and UEL and that is what you get. (LEL is Lower Explosive Limit, and UEL is Upper Explosive Limit, expressed in a percentage of that gas to atmosphere)
On to the dry Ice, CO2, purging, inert gas, Water etc. Usually the idea behind most of these is that you are removing part of the fire triangle, or tetrahedron depending on what school of fire fighting you listen too
Short version, you are removing the air. (oxygen in particular) that is neccessary to have a fire or explosion. Unfortunately, usually in the process of doing what you are doing, you can also be adding some atmosphere in there (usually containing oxygen) which can be a very bad thing.
So, when doing this properly, you are constantly monitoring (with a meter) the air inside the chamber you are doing, and monitoring that it remains outside the UEL, LEL. Usually not something most home shops are equipped to handle.
As to the purging, that is usually a rinsing or bathing of the tank, and then removing the rinsate. Often this is done with water, fill it empty it three times, dance around counterclockwise three times and wave chicken bones over it while saying the holy mantra, "thou will not blow up"..... often effective, and particularly with something like a propane tank where by nature it stays pretty clean inside. Now a gas tank with crud in corners, seams etc. It is pretty terrible. That crud, tends to hold residual product. Then when you heat it, it releases that product till you hit the point between UEL and LEL and uh,, did I mention that last Beemer tank I did?
So, section 5, from here you may want to read a bit. I like to look at evac distances tells me how bad wrong the writer thinks things will go
added on edit I forgot to put in this MSDS link
http://www.cenex.com/downloads/propaneMSDS.pdf
So, my reccomendation is to go find a different tank, it would not be worth the hassle and expense to do it right, and the cost of doing it wrong could be your life.