Re: Look at this bleed through...
There were no previous repairs. I took it down to dry it out, mixed some glass powder from a recent cut(speaker install) with marine epoxy and filled. It was only two quarter sized spots. Next week I will sand and coat with AF paint.
It was very minor once I investigated it further. I think that they were acually a couple of minor hull blisters after a closer look. They have nothing to do with the keel joint other than proximity it seems.
Thanks for all the ideas