I did it too....
I remember following Ed's threads, and, last fall/winter, I re-epoxied my rudder. Thank God I didn't try to re-glass after reading JC's comments. I dropped the rudder and drilled holes in the delamination...a bout a cup of water came out, but the foam core was still white and looked to be fine, soooo, I let it dry for about 2 months, mixed some West System epoxy (the best there is...I know they are an epoxy customer of mine). I then clamped down the delaminated part (using C-clamps and 2/4's), filled the holes with epoxy/hardner, faired everything out, and, repainted the rudder with antifouling. I've since traded in my beloved h27 for a '94 29.5, but, I learned alot about not only epoxy work, but, replacing the cutlass bearing, and repacking the shaft and rudder. Good luck out there...and have fun!