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I took a little different approach here.
1) Drill out the holes using a 3/8 wood drill 2) Chuck a 1/8" drill bit in dremmel tool and hollowed out a cone shaped area behind each hole. 3)Use a bent nail or old allen key in a drill motor with a guide bushing to open up the hole in the rotten wood and turn it to mush. This connects the 4 holes. 4) Use shop vacuum with taped on adapter to such out the mush. 5) Drill in a 1/4 inch vent hole from the top. 6) Allow to dry.
In my case the face sheets of the 3/4 plywood insert were solid because they were fiberglassed into the boat when built, but the balsa core had rotted out for 1-2 inches around each screw.
I then made mount nuts from 1/4-20 Stainless steel deep throat (3/4 long) nuts I picked up at Harbor Marine.
I put hacksaw cuts about every 1/8-1/4 inch on the corneres of the hex nuts and then scuffed them up with 80 grit.
I then put wax on the mating cap screws, bolts and gudgeon hardware along with clear packing tape for parting film. I also put clear packing tape on the transom in the area of the rep[air to aid in clean-up.
Soaked the plywood in the transom with clear resin injected into the holes and smeared aroundwith an old art brush. I then mixed a big batch of filled resin (would stand up) and poured/spooned this into a zip-lock bag. Then cut the corner off the zip lock bag to make a cake decorating squeeze bag. Injected the resin into the 4 holes till full. Then inserted the hardware, clamped in place and leeft to cure over night.
Used the excess resin to seal the foam around the lifting eye holes.
Each 1/4-20 bolt is stronger than the original 4 wood screws, is flush and I do not have to worry about moisture ingression due to amount of epoxy and a surface seal of latex cauldk used on installation of the cap screws.
Mark W.
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