I cut mine
The red line shows where the bottom used to be.
I cut the lip off, then cut out maybe six inches and then welded the lip back on so it didn't look so hacked up.
The fender openings are also widened up- I should be able to stuff a 36-37" tire in there easily.
I like the way you did it at an angle in your photochop, I thought about doing it that way, it would've looked better from the side
but I couldn't do it by welding the lip back on like I did on mine, so I just cut it straight