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I was going to cut all the damage away and rebuild the foam with great stuff in the red can. Then I was going to shape the foam to match the other corner. As for the fiberglass, I'll cut away some more to make the repair a bit easier and the feather the edges per the "Wyler" repair method. Following that, I'm assuming that I need to level the repair off with chopped strand matting until I'm close to where I want it. Then fill in the rest with Cambosil and epoxy until it looks good to receive gelcoat. After all repairs to the rest of the boat, I'm going to spray gelcoat (3x) as the final finish.

Would love to hear your thoughts on whether this approach is sound.