This is what I would do, maybe
If it is a Catalina, the deck may be delaminated but I doubt the plywood core is rotted. It is probably just wet. I would do exactly what Randy K did. It must be dry. Nothing will stick to wet wood. Another variation of this is to drill a few holes size S on the low end of the delamination. Drill small holes around the border of the delamination for vents.Tap the larger hole1/8” pipe tap and screw in some grease fittings. Pump the epoxy into the delamination from the low side using a fill-able grease gun through the grease fittings. As the epoxy shows up in the smaller holes around the border, screw in a short sheet metal screws to seal up the vent holes. You want to fill the void from the bottom up to the top so it pushes the air out. Before inserting the last screw, place your weight on the deck. I would lay a piece of ¼” plywood down first than place bricks or a sack of concrete or whatever. You want the plywood to spread the load out so the deck doesn’t look lumpy. Put a bucket under the last hole so the epoxy that squeezes out will be captured. I would thicken the epoxy a little. It should be like the consistency of grease. After the epoxy cures, the screws will come right out. Do not put anything on the screws to help them come out. Anything you put on the screws like wax, grease, or oil will contaminate the hole and finishing the holes will be impossible. Once you unscrew the screws and grease fittings, using heat to help them come out if required, fill the holes with thickened epoxy. A little gelcoat over the holes and you’ll have almost an invisible repair.Be ready for the epoxy to come out anywhere you don’t expect it to.