..."It is a deep impact but doesn't penetrate the hull,"
Such an impact area does NOT need to be welded, just filled. (See? I was paying attention!) The hull is not weakened by such an impact, though it will take quite a bit of epoxy faring compound to level it out.
To wit:
1. Sand the area to bare metal
2. Etch it with the Grudeon Brothers Method
3. Build up layers of epoxy fairing compound until it's level, blending into the surrounding paint.
4. Prime and spot paint.
5. Go boating!
Jeff
"...reality is not nearly as lovely as the world of Liberal Land. No wonder so many people want to go there." - Tom Sowell