Oh Farquhart (I'm not calling you one)
that photo gives me goosebumps and stirs up my PTSD lol. Looks exactly like what faced me last year. I bet it stinks too...oozing pestilence.
I feel your pain, Charles.
I had a lot of blisters on a skinny 32ft hull, some of which were as deep and as large as the ones you indicate. It's more time and effort than materials I found. It blew my hardstand estimate out by about 4 days to do the repairs somewhat properly. If you listen to some people, the blisters should be left to completely drain for a number of months. Sometimes, on the hard, at $xxx/day, this is just not feasible. It certainly wasn't an option for me living aboard.
Also, the longer the boat is out and the more it dries out, more blisters will appear.
I guess, all up, cloth, epoxy, Epifill, Interprotect came to about $500 - that was with discounts from my mentor chandler. Wasn't a bodgy job. Was happy with the integrity at the end of the project. And don't feel in the least that I am on-selling a lemon.
Next boat...see another thread...will be a complete bottom peel and re-epoxy. With no surprises upon haulout at a $xxx/day facility, I'll be planning on an extended out of water stay and lots of hard work.
Why, oh why, don't we do scrapbooking or gardening????????????????????????????????????????