Grind the holes individually: where they intersect don't grind extra. Don't grind very deep, 3/16" to 1/4" so that the grinder taper is about 2.5" diameter.
I would use only cloth (light, woven) and cut the pieces so that the first big ones cover multiple holes and ending with the small ones for each hole separately.
Next grind the inside. After grinding, if the holes are deeper than what you grinded away, fill them with some
epoxy with colloidal silica (Cabosil) filler so that there won't be a void. Then repeat like outside.
After
sanding smooth and fairing with epoxy filled with cabosil, seal entire area on both sides with a coat of unthickened epoxy. Scrub with
water and Scotchpad to remove any amine blush, then sand flush again and finish with
anti-fouling on the outside and something like BilgeKote on the inside. If you have an epoxy barrier coat on the rest of the boat, you could add that (InterProtect2000) instead of the sealer epoxy coat. I also like to use Interprotect2000 for the
bilge inside