Floor surprise. New questions.

I got the old plywood up from the floor and.....what is this. The floor is insullated
. There is a sheet of aluminum layed on the chassis fram then a thin layer of birch or other thin wood sheet. Then the fiberglass insulation. It looks like it was sprayed in because it is stuck to the aluminum. 2x2 pine support framing is next and finally the plywood floor.
Now my question is this. With the alumunum being torn up and other wise mutalated it is going to have to go. Can I lay is some 7/16" ply, that I seal, dirctly on the trailer chassis then do the support framing on that? I just don't understand why the alumunum was used in the first place. It seems it would hold water. This is probably why the floor is dry rot around the whole perimiter.

Now my question is this. With the alumunum being torn up and other wise mutalated it is going to have to go. Can I lay is some 7/16" ply, that I seal, dirctly on the trailer chassis then do the support framing on that? I just don't understand why the alumunum was used in the first place. It seems it would hold water. This is probably why the floor is dry rot around the whole perimiter.