Today is hole repair day. I've had good luck using this in the past, so I'm going with my experience on this one. I mix common craft paint to the desired color and just put a drop on top of the hole. I sometimes take a really, really small wire to kind of coax the paint down into the hole also. As the first coat dries it will slowly sink in the hole too, and it will take a few coats to level off. This is the second coat and you can see my sanding marks with 400 grit.
As the paint on the bow dries I put that aluminum foil in the freezer. Then when I'm ready for another coat, I just thaw it out and don't have to remix paint to the exact color again.
Yeager I'm gonna remember that coffee filter trick, I'm about to start a '73 Super K after I'm done with this one.