Have seen Brazed block outlast the original owner - would not NiCad weld.
I would try the stitching screws. www.locknstitch.com
A lot of freeze cracked blocks in that area have been patched with a good epoxy job. V ing and stop drilling is part of the process. Very low pressure involved.
Just curious if the existing patch is leaking or if you just want to clean up the bad looking job for restoration purposes. I certainly agree, using just water never saved any money in the long run. Added a lot of unneccesory corrosion to engines also.