A late reply, my nature, always behind the 8 ball. . .Looking at the mounting plate, it looks like the motor could be rotated on the plate with a couple of shims. Be that as it may, filling the existing misdrilled holes sounds like a viable option. There may be some problems with the one near the edge that broke through. Using TIG is your option. I am "old school" and don't believe in welding cast iron with any method. Cast iron is brazed, that's just the way it is. Even if it doesn't warp the frame, (unlikely) welding it will make a hell of a hard spot that will break later, usually at the most inconvenient time.
With that all said, there is a point to be concerned about, regardless of what method is finally decided on. If the plug is not the same material as the frame, a drill will drift. It will drift toward the softer metal, the easiest drilling, It may be toward the cast iron, or maybe toward the filler. But it will drift unless held rigidly in a (preferably hardened) guide. Step drilling will help there, but a guide will be necessary for each drill. A carbide drill will help, but still needs a guide.
With the child to occupy your time, there is time to let the problem age a little. When you get back to it, the answer may slap you in the face.
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