If you are worried about a "Tow Hook", then I would suggest, leaving the patched up hole & welding a specific "Tow Eye/Hook".
The exsisting "Hole" is virtually useless as a "point of securement".
On my 1991 Ferrari Testarossa there is a dedicated "Tow Hook".
https://www.google.com/search?...3D196026%3B942%3B463
You could drill a hole, weld the appropriate nut, and just buy a tow hook...Mark
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