Re: Epoxy repair advice
I've always had good luck with USComposites; wide range of products...even some exotic fabrics, great prices with the same quality customer service, and fast shipping. I've never been disappointed. Epoxy is God's gift to the marine world. I will NEVER go back to polyester resin. There is no reason to save for expediency or front-end economy.
On to your project. Fabricate a solid wood backing plate and encapsulate it in thin epoxy resin. Put an access port in. some come with bags that fit in the opening to store personal items (keys, ID, cash..etc. Nice things to keep around after your dinghy tips over.) Discard the above-deck block of wood and repair/prepare the deck to use just the bow plate you already have. Over-drill and fill the bolt holes in the deck AND the backing plate with epoxy. Re-drill the proper size holes, bed the stem in the appropriate sealant and bolt through to the backing plate. The result will look factory/professional. Additionally, the repair will be bullet-proof and maintenance-free if you follow proper hardware bedding procedures.