Problems.
Need a lateral X-ray of the distal stem to see the curvature as well quantify the erosion
I Do not have the patients age
Financially challenged patient
Loose stem and possibly cement mantle
Distal long cement mantle
Medial cortical erosion at the distal end of site
?. Acetabular superior erosion
Hopefully no infection- to be ruled out by preop markers, LE test and intraop frozen sections and cultures
A THR is the only option. The cost of the stem may be the compromise. I would not use a cemented stem unless you can roughen the smooth endosteal surface abraded by the cyclical stem movement with a broach or burr for cement macro lock (difficult) or if one is good at impaction grafting and a cemented stem ( demanding in technique and patience).
Solutions
Easy explant with proximal cement mantle and insert a tight fitting HA coated stem like corail after broaching complete removal of proximal cement mantle only and the stem should stop short at least 2 cm above the medial cortical defect - the problem of a peri prosthetic fracture is real.
Will a lateral by passing plate to protect the erosion with proximal wires and distal screws help in the compromise. One needd to wait and see. Would local bisphonates or osteblasts help?
There used to be a short grit blasted cone stem by Wagner With which I had revised in 2002. Iunderstand that zimmer takeover of Sulzer orthopaedics killed it.
Ideally you need a long proximal loading distal fitting stem if the distal cement mantle can be removed without an eto. If not an ETO, take the distal cement mantle and one should get 6 mm of distal scratch fit with a poor coat stem like solution or even echelon. Template first please