BE sure and fill the area around the cutout and where any bolts go, with epoxy. You don't want to "squeeze" an unprotected core of balsa! It will get wet, around the windlass, hole, and then eventually compress the core--and cause damage to the deck. I cut back about 1/4" around each of the bolt holes, and the main chain cutout on my windlass (Horizontal axis. I had a Vertical axis in the Cal 46, and made an aluminum plate 3/8" thick, covering about 3 sq feet under the deck, and incorporating the cleat, the chain stopper, and the first several bolts of the bow roller/pulpit.