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Chris, this may be a silly idea but why not contact Taco (the maker?) and ask them about installation questions? I would expect the simplest way to bend the rail to fit would be to start by securing it at one end, and then use a comealong or tie straps to "pull" it to the other side of the boat, until it was snug up against the side you were installing it on. Gentle pressure, hole by hole to make sure the cure matches up.
If you are going to cut off the old bolts--have someone below to catch them as you pop them out, otherwise you know they'll just find new places to hide in, and rattle around in the bilge.
You might also want to ask Taco for some precise measurements, and then make up a two foot long dummy section (maybe they can send you a scrap) out of cardboard, so you can actually see if there will be fitting problems, how the holes will line up, whether there will be clearance issues, etc. Numbers are all well and good, but fitting a dummy "hands on" still has a role.