barrier coat good advice.....plus...
We have 33.5 that had same problem. Please be aware of the following.1) wipe it well after grinding with solvent to remove all dust. 2) grind pits first and area immediately around pits. We used dremel. You only have 12 hours or so to get the barrier coat on once you grind. It will oxidize in the air that quickly. Less time is better. Overfill pits so that when you grind the rest it will level them off for final fairing and painting.3) It is probably galvanic corrosion. Make sure you have a wire leading from keel bolt to engine (or better yet to a "shaft brush", west marine has a good one). That way your zincs will get it not your keel next time. If you leave plugged into shore power often, look into getting a galvanic isolator (pretty cheap and installs in about an hour) to help with corrosion. While your at it, connect a bolt from your external shaft strut (you can get to under aft berth) to the shaft brush too.4) we used interlux 2000 (?) barier coat. Dont be stingy get on several (4-5 at least) thick coats. 5) Ask your boatyard if they can leave it in the sling overnite so you can get underneath keel to grind out and repair the bottom too. Ours was the worst there.Have fun.