I'd recommend this... Use a dremel to bevel the edges on both sides back a bit, then mix up some resin, cabosil and some CSM fibers to make some "Hairy Peanut Butter" (Mix the resin, Cabosil and fibers till it's as thick as peanut butter) and then tape off one side and use a plastic putty knife to fill the holes. Then do the final fairing with some gelcoat paste OR Primer and Paint after you sand it all down really well.
You can BUY Bondo Hair at the AutoParts store and since this is above the water line it'll work OK. It has WAX in it so if you want to gelcoat over it you'll need to prep it first.