It looks more like a modification than the repair to be honest, I can't see anywhere that a crack could form that would need this repair doing. looking at your last picture I'd say that the brace used to stop the same place both sides and it's been extended and 2 bolts added for something later down the line (you can see where the weld ties in just by the bolt near to the BB). it would explain the amount of drawn in bronze from the original braze that hasn't been cut back or not fully anyway. the modification seems to have been "dressed" (or hit with a rough tooth file at any rate) after the weld and quite possible that the holes have been drilled and tapped after the fact too given their location. pull the bolt out the other hole and look down the threads with a torch, see what's in the threads.
yer it's rough and ready, but it looks strong enough, it's more an interesting aside as to why for me than it being shoddy and rubbish.
remember folks, a grinder and paint makes me the welder I aint.