What I would do is ignore the ram rod hole for now. Put the forward lock screw in where it should be. If you have access to a milling machine, using a 3/8 inch round end mill, go into the barrel channel with the end mill and lower the ram rod hole enough so that the loading stick will go below the lock bolt. Then put the bolt in place. Put a slight taper on the loading stick, coat it with wax, and slide it in place under the bolt. Next mix up some epoxy with fiber glass filler in it and pour it over the rod until it comes up level with the bottom flat of the barrel channel. If you want to hide the repair completely, after the the epoxy hardens, glass bed the whole barrel channel. Be sure to pull the loading stick out when the epoxy is just a bit thicker than hand soap. A tapered metal rod works better than the wood rod, but the wood will work.
Using a pair of sheers , I sheer off about 1/6 of an inch off the edge of some fiberglass cloth and add the clippings to the epoxy. That keeps the epoxy from running too much and strengthens the epoxy.