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Kitty hair body filler would probably work well. I am partial to west epoxy since it is better for underwater. I have done your exact repair years ago on a 33 egg harbor. I lowered the strut, mixed up epoxy and shredded fiberglass mat and stuffed it in between the strut and hull. Then tightened the bolts to give the proper angle, then, after it set removed the bolts one at a time and used polysulfide caulk. I think i just used wax you buy at the grocery store for jams and jellies. Lol