Basically, fiberglass is pretty repairable, as a rule. And, if your goal is merely functional as opposed to optimized, you have a little more wiggle room.
However, a few things are non-negotiable.
- After the repair, the CB needs to be strong enough that you can stand on it, in case your boat capsizes (in high winds, it probably needs to be the strong anyway to withstand the side forces). That means, your repair has to be structurally strong, not just cosmetic.
- You probably want to get the board watertight (again).
- While you are dealing with the edge(s) already, you might want to improve their shape a little bit - full profiling probably requires a new board, but you can do better than factory built.
The first thing you'd need to do is to carefully inspect the CB for hidden damage. Are there any other areas where the laminate is weak? Perhaps the CB was damaged by being bent - that could mean less-visible damage in other places.
Second, you need to grind away all bad fiberglass - it will extend somewhat beyond the cracks. The edges you need to grind at a really shallow angle 1 in 12, to give new laminate a holding ground. Up to that point, all you've invested is sweat equity and sandpaper.
Third, you'd want to build up the laminate over the cracks. As a rough guide, three layers, cloth, mat, cloth would end up at about 1/16". Use a good laminating epoxy.
Read the Epoxy book (systemthree.com) or the Fiberglass Boat repair manuals on the Westsystem.com site, for details on working with epoxy and basic techniques. If you haven't worked with epoxy and glass before, lay up a bit of practice laminate, so you don't make all your beginners mistakes on the real thing.
If your CB is really hollow, it might be a bit challenging to get the patch supported, because you'll probably have to cut away so much bad laminate that there's a gap. If so, come back here with new photos to get suggestions tailored to your situation.
I would also laminate one or two layer of glass around the leading edge. You can improve your CB profile by making the leading edge look like a half-round with a diameter of half the thickness of the board, with a smooth curve connecting the round edge to the widest point.
I did that to an old CB by simply adding 3M high strength Marine Filler and sanding it into the kind of shape. It's not a perfect leading edge profile, but improves on the factory design which (at least for my DS1) was more like a trapezoid (for each half or the CB, see diagram in my gallery).
In your case, I would figure out a layup schedule of one or two layers of glass tape - different widths, and then get the final shape with an epoxy-based fairing compound, like QuickFair. That'll do three things:
- Strengthen the CB
- Make the edge watertight
- Improve the shape of the leading edge (bonus)
So far, you would have invested in a bit more glass and epoxy than strictly required to close the gaps, but should still spent way less than for a new board.
Now, to complete the process, I would add a bit of "tail wedge" to the aft edge. Put a single layer of glass tape along the aft edge, so it extends 1" or so beyond. Do this on top and bottom half of the CB (as it's lying flat). The two layers of tape will connect 1/2" to 3/4" behind the old edge of the CB, leaving a hollow channel. Fill that with thickened epoxy. (If you have some boards wrapped in Saran wrap, you can use them as clamps to give this "wedge" a proper support and shape as it cures).
Afterwards, you cut and sand off from the rear until the wedge terminates in a nice 1/8" (or a bit narrower) straight edge. Use fairing compound to smooth out any rough spots and the transition where the tape ends on the CB. Now you have a more efficient trailing edge to your board (and it will be watertight, plus a bit stronger).
I did something similar by just shaping such a "wedge" with high-strength filler, but my CB was structurally sound. There was a noticeable gain from my efforts - where the CB had "hummed" earlier (due to shedding vortices anytime I got to higher speeds), it is now quiet at the same speeds.
Because you should reinforce the edges of your CB anyway, you don't have to do that much more work improving the shape of it incrementally. And the added work is just in putting the reinforcements on more strategically and using a bit more QuickFair than you would have otherwise.