We don't like POR-15 here?
I would blast as much loose rust off as you can then do "something" like the Eastwood product mentioned or POR-15, then FF or woolwax on top.
Try to blast out the crossmembers from the inside with a water hose, blow them air dry, then go in with the fluid film on an extension nozzle.
They sell replacement crossmembers for your truck if it gets too bad.
You're on the right track. Doing nothing is the worst you can do.