Macgregor leaks
Most Macgregor leaks at the chain plate. Due to flexing, the verticle SS plate pushes the grout material aside and create a leak. The cover plate is just a cosmetic slot. You need to drill out the rivet, lift the cover and rebed the inside. You can just screw the cover back as it has no load.
The rain water will run along the side down to the bilge. It drove me nuts for two years until I use food coloring to trace it.
If you want to confirm that, just hang a large jug of water near the chain plate and punch a small hole and let it drip for hours. You can also tint the water with food coloring. It won't stain the fibre glass.