What glue would you use if you wanted to fill a belly hole with a wood plug so you could move the hole over a smidgen? I have a couple of hook holes that are not quite centered and want to re-drill them. AYC is the wood.

I've used the water resistant yellow stuff, I think it's type III

A little plumbers epoxy?
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I'd just use some wood filler....probably the Elmers....has worked fine for me in the past

take real fine saw dust and mix it with fiberglass resin....