Chuck, I am answering this because I see that you do not have an answer to date on this matter. Rarely is there such a thing a a small amount of corrosion but in the event you get lucky and there is just one spot here is what I have been told. Sand it out. You actually have to get down to the bottom of the corrosion or you will have it reoccur in the future.
I am hopeful that someone that knows more than I will expand on my answer. It seems like there is a primer that will neutralize the corrosion after you have it pretty clean. But the very first step is to sand away all of the paint in the area. If the bubble is a pin head the sanding (to the metal) area is probably as big as a silver dollar and the corrosion is at least quarter size from my (limited) experience. It is sort of like cancer and you are the surgeon. You clean up an area bigger than the visable problem.
I hope this helps. George
PS Listen to Dick, I posted in the hope that you would get a more knowledgable reply. Thanks Dick!
