That looks like real tender area that will always be prone to stress being that close to the ricasso. Personally I'd never trust that blade no matter what repair is used. If I had to....I'd try the TIG first with a 1/16th wire, it's a little more surgical than a stick or MIG. Second choice would be brazing on a new tang with a long taper from the shoulder, the temps are less likely to burn the steel.
Good luck,
Rudy