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FabulousPhill said..
I made my own OB well in a yacht that had a diesel engine previously. Like any well, if the surrounding parts are sound, strong and the epoxy joins everything and excludes water, then you're fine. I haven't sunk yet in the past 6 years and it lives on a swing mooring. The bottom of my well is above the waterline by about 5cm.
It seems with your OBW that the waterline of the yacht is above the lower level of the well. As you accelerate the front of the yacht will rise up and the stern of the yacht will squat a little, and this depth will increase by a few centimetres. Also, it seems that the cover was made of timber and rotting. So, you need to make a new one. If the level of the OBW is below the waterline this cover's job is to smooth out the surface of the hole and prevent turbulence. As regards bailing out the water and bubbles appearing: maybe a small hole is there to allow the OBW to drain, and the bubbles are from turbulence. And putting your finger there stopped the level rising above the half-way mark which must have been the waterline. As to normality, as the boat travels over waves, the water will surge into the well, and then drain back out of the well. Just relax.
Given that the cover plate is underwater most of the time, it needs to be soaked in penetrating epoxy and it needs to be heavier than water, or is pushed downwards somehow, so it doesn't float upwards.
Some photos can help explain what is happening, and we can tailor our answers better next time.
Thankyou Phil



really appreciate the extended reply to my question, it's helped alot and you're quite right: photos will help! I didn't even think about that. Next time I'm out on the boat will take some pics of it.
The OBW on my Thunderbird was different, it was in the lazarette and had nothing draining into it. There was only a small amount of water in there despite it being just under water level, and access to the water was gained by lifting up a small ' door '. You learn something new everyday

On the next haul out, I'll be investigating the door/flap on the bottom of the well, fingers crossed its not like the OBW cover on the cockpit floor I broke! I've just made up a template for that, back out on the boat Tuesday to make sure it fits then 1 or 2 coats of penetrating epoxy, 1x standard epoxy then a few good coats of white external paint+ anti slip coating. It should outlast me

Thanks again for your answer, much appreciated