Where the deflection/vibration issues normally come up is on tall slender tanks, so the beam approach is reasonable there.
With more normal-size tanks, calculated wind deflection will be "small".
Gross buckling ("blow in") of the tank shell during wind loading is a design check in both API and AWWA codes. That is a concern primarily if the tank is empty or mostly empty. Elastic compressive buckling is another design check, although not normally a controlling factor for wind.
If the tank is full or mostly full, hydrostatic pressure will tend to keep it rounded out.
For a fixed-roof tank, the roof acts as a stiffener to keep the top round.
For an open-top tank, the tanks are furnished with a wind girder to keep the top relatively round.
I am not aware of any information on out-of-cylinder deflections during wind loading.
I think it was the paper "McGrath, R. V. "Stability of API standard 650 tank shells." (Correction, it is J. H. Adams, "A Study of Wind Girder Requirements for Large API 650 Floating Roof Tanks", API Refining, 197), that speculates on the origin of the wind-girder equations used in API-650 and AWWA D100. The assumed loading used in there could presumably be used to calculate corresponding deflections in a circular ring. But the loading itself is "assumed", so I don't know how meaningful the exercise would be.
You could calculate wind pressures via ASCE 7 or other sources and plug into FEM analysis and perhaps have a better guess.
I suspect the maximum deflection would be a vibration problem rather than a static deflection, though.