Looks like the original wall thickness was to small. It appears that in use there is some kind of offset force on the part wanting to cause it to twist. The designers were aware of this and provided the little boss extending off at right angles. Nontheless the tube cracked but on the side away from the boss.
If it were mine I would consider milling off the tube and brazing on a new thicker walled tube but then again I always overbuild. You could just braze it up and see if it holds.
If you braze it needs to be done right. File the joint to a 90 degree included angle. Don't grind. Prep to full depth. The braze needs to penetrate all the way to the inside of the tube. Over build the bead for re-enforcement. The braze is going to coat the inside of the tube and the heat is going to close up the tube so you are going to need to ream the bore. I would braze a bead around the end of the tube to make a collar since that is where the craking apears to originate.
For option three I think the old-timers would have cut of all the cracked metal, made a mold around the part and poured in bronze. Then using the remaining good end of the tube as a guide, drilled and reamed.
Bud