Just how well can you access the damaged part of the tank? Is there enough room to remove the Euro brace and get some work done around the area? If so I would drain the tank, remove the brace, and then start digging everything out from around the damaged area with a sharp chisel. Keep going till the wood is good and dry, then go a little farther.
After that, clean things up for good tight lines, and epoxy things back as needed, with some extra reinforcement. Apply multiple coats of your standard thickness epoxy with a brush, then finish off with a few layers of thickened and glass reinforced epoxy. Provided your epoxy system offers a waterproof thickened option (I know some thickeners can end up providing a non-water proof material as the water dissolves the material and passes through the pours, so check with the company.) over the area.
Good luck with the project, I do hope you find a way to get it back to a reef tank. As long as you find clearly dry wood and go a little farther, then you shouldn't worry about damage beyond it.
After that, clean things up for good tight lines, and epoxy things back as needed, with some extra reinforcement. Apply multiple coats of your standard thickness epoxy with a brush, then finish off with a few layers of thickened and glass reinforced epoxy. Provided your epoxy system offers a waterproof thickened option (I know some thickeners can end up providing a non-water proof material as the water dissolves the material and passes through the pours, so check with the company.) over the area.
Good luck with the project, I do hope you find a way to get it back to a reef tank. As long as you find clearly dry wood and go a little farther, then you shouldn't worry about damage beyond it.