Without having the bike litterally in front of me its very hard to say. The corrosion you have doesnt look that bad really - you couldn't say its like gone through half the wall thickness of the frame tubing or some such. If you are that worried I would weld a little gusset underneath on each side.
As for saying the 'Geometry' of the frame. Well that is never measured any where near the back of the bike. The headstock to swingarm-pivot length, fork length, angle of swingarm & rear shock top mount position are much more important
*to handling* than 'the angle the rear seat subframe goes up' (seeing as FZR's aint twin shockers

). Depends on how heavy you are aswell
Nothing in your pictures, if it wasnt cleaned and repainted, i wouldn't expect to see on a steel jap frame from the late eighties/very early nineties. I reckon it came from the factory welded like that.
Chris