I am with the "sail it" brigade and I think you should just go with it in the meantime. If I was in your position, I would go for the "drill and stabilize" option. You could get many years of excellent sailing out of your boat wthout a huge amount of work.....
Leith (rhymes with teeth) is the port of the City of Edinburgh in Scotland. A Leither is someone who comes from that area.
I must go down to the sea again, to the lonely sea and the sky - I left my shoes and socks there, I wonder if they're dry?