Higgs,
On the Island Packet website they talk about using a mix with microballoons as a coring material. Here is an excerpt from their site:
"‘Our coring for our decks and interior liners is pretty unique.Instead of using conventional materials that are prone to rotand delamination, we actually make our own core in a liquidpaste form, made up of microballoons—tiny Ping-Pong balls—and resin. The beauty of the material is that it is chemically verysimilar to, and bonds aggressively with, the composite struc-ture, eliminating a major cause of delamination and allowing usto offer a ten-year warranty against deterioration, whereasmany builders are reluctant even to offer five.‘So we take polyester resin, mix it with the microballoons, cat-alyze it, and then apply it with a low-pressure spray gun; itlooks like shaving cream as it’s applied."
I'd give this a shot, mix some west epoxy with lots of microballoons this will keep the weight down and keep it waterproof. Good luck with the repair.