
As far as I can tell, the corrosion started at the sharp edge of the metal reflector, and then worked its way in under the chromed surface, so the integrity of the seal to the glass isn't the issue. If I buy any more I'll run some additional sealant round the edge to cover that sharp edge.
As you can see in the photo, half the reflector has rusted - this seems to be the chromed surface itself that's rusted - and then in addition a fair amount of the metal backing has rusted and pitted quite badly.
When I bought my powder coating kit I also bought some 'high chrome' powder, so I thought I'd have a go at refurbishing this reflector. I started by using a flap wheel in a Dremel to remove the original chrome surface.

Note the cream coloured undercoat/primer between the metal frame and the rusted reflecting surface in the shot above, confirming that it's the reflecting surface itself that's rusted.

I then had a go with the chrome powder coating. I was quite pleased with the finish, but something in the pitting must have reacted with the powder coating - I guess the flap wheel didn't get right into the pitting.

So I grit blasted the whole thing back to bare metal, to make sure I'd removed all traces of the original surface from the pitted area.


This time it didn't react, but the powder coat didn't smooth the pitting as much as I was hoping - in the oven it flows a little when it melts, but obviously the pitting was too much for it to cover. If I do it again I think I'll use some high temperature undercoat and perhaps try to sand out the pitting a bit. But it's still a fairly good reflective surface, and I figured that behind the textured glass lens it probably won't show.
Here's a side by side with an original reflector - the one that was replaced when water started getting in. Note that the original surface is *very* delicate - you can see a lot of fine scratch marks that I made when I attempted to remove traces of water droplets using only a spectacles cleaning cloth.

And here's a shot of the original with bulb and glass, followed by the powder coated version with bulb and glass.


I'm quite happy with that. I'm not sure whether the heat in the lamp will affect the powder coating, but i'll soon find out. And if the metal does start to corrode again, at least it won't be the reflective surface itself that corrodes.