Here's my $.02
Calling upon my metallurgy and engineering experience from years ago, here's my go at your problem.While you decide whether to remove the mast, I would place some type of band around the base as insurance against a sudden and catastrophic reopening of the split. Be careful of using dissimilar metals as this could cause corrosion problems - heavy duty plastic strapping may be good. Even with plastic, you should routinely rinse out any residual salt in any gap since the salt will tend to concentrate and cause the aluminum to corrode faster.Welding of any metal can be a problem for several reasons, depending on the particular composition and any heat treatment it has undergone. Because welding involvesapplying intense heat to a specific area, there will be a large temperature gradient around the area, with different areas seeing different temperatures and cooling rates. This results in small areas in which the heat treating is different from the rest of the structure. Welding also involves melting and re-solidifying portions of the structure. In doing so the composition can change over small areas. These areas can be more or less brittle, or more or less corrosion resistant, than surrounding areas.With all that said (and you're sorry you asked!), the aluminum may be of a composition that is readily welded without risk. You will just have to seek out someone with experience doing it. Good luck.