Hi Oliver, I just finnished having my sills welded yesterday. I ,like you noticed some bubbling on the stone chip coating. First thing I did was remove the paint and stone chip by running a knife along top of stonechip, then scraping off with scraper and heatgun. This revealed the extent of repair work needed. I needed repair to bottom of both front wings, small repair (4'' *2") at front of passenger sill, bottom of rear quarter panel and small 4"*4" repair to rear of sill where rear quarter goes behind. Drivers side bottom of rear quarter and 10" along sill, most of which was to allow access to inner sill repair. I think this area had suffered from a misplaced jack and a botched repair allowing mopisture to be trapped. I cut out all the affected metal myself and fabricated new metal with limited tools, spayed zinc primer into any area i could while holes were available. Then had a friend weld it all up for me. Just need painting now.
I would imagine the right bodyshop could strip it back to let you see before going ahead with further work.
New sills are available from Porsche at about £160 per side, though lower quarter panel would be handy as I think that's worst affected area.
Hope this helps, I am going to try uploading some pics later this week.
Alan.