Some of those deeper pits have probably rusted through and bet if you hit it with a media blaster it it would hole. If so, no matter what rust inhibitor you use on the outside, rust will continue on the other side.
The good thing is you do not have to make a decision at this point. Once the rocker is off, a visual inspect of the inside of that post is possible, as is the ability to apply rust inhibitors. Worse case the cost of this part of the B post is only about $40 so not a project buster.
For now, I would just put on some Picklex20 to stop it from rusting until you are comfortable with what you want to do, and get on with the rest of your inspection.