There are two sides to the coin - the inside out part of it is the major issue - if you cant access all of the rust from all of the places where it may be, how can you stop it? Just slowing surface rust on one side doesnt mean that it is slowing on the other side.
That said, if you can slow it on one side, why not? It may help retain a bit more metal structure a bit longer... FWIW. But FWIW is likely not much, because if it is rotting away from the other side (IF may be an important thing), what does it much matter? Just cosmetic. But nothing wrong with that.
If it was my car, Id definitely dress it with something. Why not? Id also probably try to be proactive with it by making a few small holes and try to get some more into the rust flake and behind the bubbles on the other side of the metal. If there is already minor perforation, a few strategic holes wont do much in a bad way, but will make it easier to keep treatment on it.