Ok, here's a twist on the renovation possibilities: Buy some flat zinc anodes (either small boat prop anodes or one of the Kirby Morgan commercial diving helmet kits) and strap them aginst the cylinder with a stainless steel hose (or plumbing) clamp after sand blating. Then coat the whole assembly with what ever primer, zinc-rich primer or paint you want to use. Remember to tighten the straps holding the anodes in place periodically the make up for the loss of anode material over time. Once the anodes get down to, oh say, 50% their original size, replace and continue to dive. The only thing you really have to pay close attention to is the contact area between the zinc and the cylinder wall has to be tight and continuious to provide a good electrolytic bond.
As a matter of fact, a good way to get that bond would be to form/cast a small zinc ring around the neck of the cylinder.