Yes it is a bonding wire and it worries me a little . That bolt was rusted the whole way through !Woody is the wire shown in the first picture a bonding wire? Is this standard practice and why did not the zincs and bronze parts corrode first? Glad you are on top of it.
Rb your repair was very well done. If the original plywood was used as a filler, is G 10 overkill? Would rigid foam work if the areas under the washers was filled with epoxy to take the compression?
I'm still getting rusty water in bilge , meaning something is corroding it .
What do you suggest to stop this .
More zincs ? Where do I put them ? Thanks