Quoted from happyhour:To repair my damaged board i used Gorilla 2 part epoxy. I cut little plastic forms and used some foam to hold them tight against the hole edges. With a small syringe i was able to put just enough in each area. Then shaped and sanded the hardened epoxy.
I did the touch up painting and then rushed out to the garage to clear it. We had a warm Saturday so I didnt take any pictures of the touch up painting. I also got a little carried away and made all new oak side frames. I picked up a radial arm saw and was itching to use it. Instead of the vinyl wrapped pine I painted these black and cleared them with the play field. The pictures dont do the play field justice. 6 coats of clear, wet sand with #1000 paper and buffed with fine cut cleaner. It looks like a sheet of glass.
I really like what you have done here. I thought about it except that in my case, the hole is hexagonal so I probably will end up having to use tape, get an imperfect shape and sand a bit more. The epoxy should be super strong and really stick to the wood.
In terms of protecting the existing artwork, I don't think you need to protect it perfectly. You don't need to either because the area needs to be touched up anyway. So in your example, you had to paint the wood, the yellow strip and the black lines.