You're confusing "MOT pass" and "restore". You can indeed slap a patch on, slap some underseal over it, gain the pass - I've seen many MOT places do just that . . . and then they do it again next year . . .youve not allowed for acf 50 ,,,, cut a perfect patch , set it in perfectly , and the haz will rust from the inside out in three months ,,, if you dont treat the patch , or the parts beside it , it will be as bad as ever long before the next mot ,,,, waxol wont work ,, you need something non flamable so if you have to patch again in the area it wont turn into a fireball ,,,, I give 2 years warranty on everything i patch ,, joggle or cut and set in , thats on land rovers mostly , the only way I can do that is post weld treatment ,,, you cant just patch something and slap a bit of underseal on , not if its rusted from the inside out ,,,, many here know what I use , others have their choices but you need to be using something.
When you own cars as long as I do, you don't tend to do "MOT pass" repairs - or hold any desire to do the same repair again - so a few years ago I was quite pleased to see repairs I'd done to the underside of a car that was 14 yrs old when I did them (car was from Sicily so I guess was never too far from sea salt) were still in excellent shape 15 yrs later - set in, painted, undersealed and dinitroled/waxoyled.
While I don't use it anymore much, as I have just about run out of the cheap 5ltr tins I bought 20 plus years ago, waxoyl is possibly not as bad as people seem to complain about.
I have a 1991 Peugeot 106 - they seem to rust for fun just about everywhere . . . mine has lived outside it's entire 25 yrs with me, used for off-road trials, used and abused on the back road commute for years - it was bought damaged from a rear ender - blew waxoyl in it in all directions from a pressurised pot, repeated when I remembered - and despite leak from the roof/side panel join in the rain gutters, its still pretty much original.