I've been reading this trying to figure out what your intent was with the scope rail/picatinny rail, but it sounds like you're shortening the handguard to better fit a short barrel?
I'm in agreement that welding would be difficult to make it look right. Maybe a giant copper backing bar/insert inside the rail could keep things aligned? I've never tried welding something like that.
You might have better luck cutting it to the length you want, then making an end cap of some sort that bolts onto the end to square it all up.
Or, if you could live with an underbite/overhang, you could cut off one more (or one less) slot on the top or bottom and leave it asymmetrical. Im drawing a blank on which ones, but I'm pretty sure there's a couple rifle chassis configured like that from the factory.