Foam?
I would think the best solution would be to open up (add an inspection port?) to the bouyancy tanks, and fill with closed cell foam. I'm pretty certain, though, that even just one of your buoyancy tanks would keep you afloat if the other was holed. how much damage do you plan on sustaining and keeping this thing afloat? If you get a hole in a tank, i would envision by simply moving your weight you could keep the hole "down" and the non-holed portion of the tank "up" and it wouldn't entirely fill. If you really want this dinghy to float after recieving massive damage to both buoyancy tanks..just wear a pfd?