Just looking at the repair, in theory (assuming a competent and experienced welder) it should be as good as if not better than the parent material.
100% truth.
My old man is fairly into the historical Victorian Railways society with all the old Steam Trains and stuff, I remember going down to the Steamrail workshops in Newport and getting shown a Steam Locomotive chassis which had an enormous crack right through the main left rail of it (the major strucutral component of the train).
They had a mob come in and do a 'stitch welding' job on it, whereby I was told that the actual welded area was now the strongest part of the chassis. If anything was to crack or break on the chassis afterwards, it would be in a different area of the chassis.
So Reap is correct, a competent welder should technically make the welded area the strongest localised area of the rim in OP's case.