Are you going to add a main decal? What I would do with the hole is add one of those small decals that looks like a bullet hole over it.
I sold a 7up slider last month, the buyer loved it because it had a real bullet hole in the side.
I like the bullet hole idea. That would hide it perfectly. I just need some ideas for vintage decals I could put on it to personalize it.
You know, ultimately I'm going to just hit it with some POR 15 and cover it up with a decal and use this machine. The original paint looks so good, I would never restore this machine. New wiring and decal of some sort and call it a day.
The reason I bought this was more about finding a nice original machine than anything else. My new focus is on the Survivors. Machines that look great, but your not afraid to use and enjoy. I'm also a bargain hunter, so its takes along time to find nice originals that are also good deals.