If you are talking real small blisters: I had one
boat years ago with hundreds/thousands of small BB size blisters. They were not deep. Removing the Gel coat by grinding to expose them, then letting it dry for a 3-4 weeks and
epoxy resin coating seemed successful. The gel was thick on that
boat, I ground the tops off the 'BB's' essentially. All gel was not removed except in some areas. It dried out well.
I had another boat earlier that had severe blisters, up to 3/16" or so deep. A couple patches were 4" long x 1.5" wide! I ground all of them out and let dry for weeks. Filled and epoxied. I'm not sure that boat would have lasted too long with the
repair but it lasted a couple of years after and I
sold it.
Both these were like 30 years ago though.
I have seen
boats in the post peeled condition in the big yard in Anacortes. It looked like it would surely fix the problem, but looks like a ton of cost and
work. Not sure how much glass was added after it dried. Looked dry when I saw it and the glass surface was a bit rough which would have been great to bind new glass onto.
But we're talking a major expense there and many hours.
Drying and filling blisters works pretty well really on
boats that aren't saturated... If you have to do that every 3-4 years it's a lot less
money.