Diane-- First off, I suggest you join the Grand Banks owners forum
Grand Banks Owner's Resources and ask your questions there. Unlike a general forum like this one, the GB owners forum will get you answers from people who have in many cases owned and been involved with GBs for decades. Even more beneficial, there are participants on that forum who have been or are yard owners and shipwrights who have specialized in the maintenance, repair, restoration, and upgrading of Grand Banks boats for the better part of a career. These people have an intimate knowledge of these boats, their construction and components, care and feeding, and all their quirks and flaws. Instead of speculation you'll get answers that directly pertain to the specific type of boat you're interested in from people with in some cases a good chunk of a lifetime of involvement with these boats.
There are actually two GB owners forums. The one linked above is the most active. However there is another one sponsored by Grand Banks itself.
http://gbbeacon.com. Select "Discussion Forums." This forum does not have as much participation but it is worth joining as well because it has Mike Negley as a regular participant. Mike and Bob Lowe (Bob's a founder of the first forum I linked) are probably the two most knowledgeable people on the planet when it comes to repairing, maintaining, restoring, and upgrading Grand Banks boats. By joining both forums you get the benefit of their collective knowledge and experience.
That said, you need to inspect, or have inspected, the tops of the fuel tanks in that GB46. Moisture-- rain, deck washdown, spray, etc.-- can get underneath the fuel fill fittings on the deck if they are not properly bedded or if the bedding has hardened, shrunk, or cracked over time. Once under the fitting the moisture will follow the fuel fill hose down to the top of the tank and sit there. And that is where these tanks will begin to rust.
Other causes of rust can be moisture trapped between the tank and the platform or bracing it sits on, the fine spray sometimes thrown off by a spinning shaft where it enters the packing gland. and as Ray noted, a generally damp engine room that encourages condensation to form on the outside of the tank that can get between the tank and it's supporting structure.
The fact the boat is a 1986 model does not automatically mean the tanks are suspect. There are GB woodies from the 60s out there that still have their original tanks and they are in great shape. If iron tanks are not subjected to the moisture issues described above and the engine room is well ventilated and kept dry, there is no real life limit to the longevity of iron tanks.
So use mirrors, lights, whatever it takes to get a good look at the tops of all the fuel tanks.
The other concern, of course, is rust inside the tank. This can occur if the boat has sat for a long time or is not used very often and water has accumulated in the bottom of the tank. As part of a survey, fuel should be drawn or pulled from the very bottoms of the tanks if their configuration and construction permit this. Then the situation inside the tanks can be assessed.