Hi Timothy,
Firstly I am no enginner so my advice is just what I think would be most practical...IMHO
1) To save weight I would just mount the turn table & not the arms, which also saves the possibility of tripping over the support arms as you moved around the truck bed traversing the gun & loading ammo.
2)I think that there would be more structual strength if it was welded to a steel floor over a wooden one, But if you had no spare steel then bolting it to the wooden floor would work, so you could do either,the wooden floor would allow you to show a "different" texture in the painting though.
Would you be able to post the picture..it is something i would love to see, as I am really into the werid & wonderful home stuff in all the civil wars.
Chhers Mike