I will tell you my experience and what I’ve learned. I have the same 175 oceanic bowfront upside down on the side of my house. I wanted to replace my 120 gal with this tank but I decided not to because although it didn’t leak when I got it, I didn’t trust the seams. The inside beads are a bit shredded but still not as bad as the picture of yours above. I still love this tank, they don’t make these bowfronts any more. So my plan is to someday, very carefully, cut off the top and bottom frames, disassemble the tank , and rebuild it again with new silicone and euro bracing.
What was mentioned above, replacing the inside bead,I did with a smaller 65 gal peninsula in October 2013. In March 2019(almost 6 yrs) this tank sprung a leak between the front and bottom glass. I was able to make it to the clients house and saved all the livestock while he mopped the floor. Good thing it was only 65 gal!
I then investigated what caused failure on what I thought was a great repair on the inside beads. I found out that cured silicone is inert, this means that new silicone will not bond to old silicone between the glass panes. Furthermore, if a tiny air bubble is left in the corner under the bead, it will expand and seek the path of least resistance, usually between the 2 panes of glass. This will cause a leak no matter how good the bead on the inside is redone.
There should be a manufacture date near the bottom of the tank. Most tank manufacturers guarantee their silicone anywhere from 20-30 years. Mine is well over 20 years old, so it will sit until I can rebuild it completely again. My experience and research showed me something that I will not try again. I’ve also heard my share of stories that were much worse with much more loss in interior damages and lifestock. Don’t risk it, 175 gal is a lot of water!