Joined: Jul 2007
Posts: 1,154
Likes: 15
From: Chattanooga
Bikes: '93 Bridgestone RB-1, '91 Specialized Allez Epic, '85 Raleigh Team Pro, '78 Andre Bertin, early '90s F. Moser Leader AX , '85 Centurion Equipe, '98 Litespeed Tuscany, '89 Klein Quantum, '80 Nishiki Superbe, '83 Peckham, '84 Fuji Opus III
You could spend another $25-30 and braze fill it. That would restore strength, I believe.
There's frame repair shop in south Atlanta who can make quick work of that. You could probably contain the heat damage to the chain stay itself then spray flat black. And ride.
J