Seems like the boys around My parts just love putting dents in their Z's and 314's, because I fix a lot of dents & nicks on them.
I agree with what KJ mentioned about CA fill, and although My approach is slightly different then What He mentioned, I'm basically doing the same thing By swelling the wood to fill in the void. I've been known to swell some nicks out that didn't seem possible, so I get My fair share of that kind of work.
Last week I had one with a gouge that was about an inch long, and about 1/8 deep, the wood was simply gone, and I did not have the missing piece. That shaft was basically screwed in My eyes, and I told the customer that I can get all of the other dents and nicks out of that shaft, but There is no way to swell the wood enough to replace that big of a chunk. From My past experiences with filling places like these I did not even want to do that. Even when You get them smooth, eventually the filled spot can raise and can be felt. Usually that can happen sooner then later, but regardless It seems to happen eventually. If not only that the CA grabs more then conventional sealer so the spot can be felt through the resistance in the bridge hand. also filler in larger voids is destine to pop apart eventually due to flex in the shaft.
Anyhow I get this shaft in the lathe and it's just driving me nuts. I don't want to fill a spot that big with a sawdust filler, and CA would not work in this large of a gash. Either would break and crack out from the flex in the shaft, but at the same time, structurally, to leave it as is seemed like the shaft would eventually split if something was not done, and this customer was spending a pretty penny on a high dollar tip, and having the rest of the shaft worked on, so i wanted to do the best I could for him. What I Ended up doing was carefully carving, shaping, and planing a small piece of maple to fit in the area, and laminated It onto the shaft using West G-flex epoxy. The end result actually wasn't too bad, I was able to smooth It out, but fill most of It with wood instead of fighting with trying to get a filler to work. IMO It was probably the best repair I could have done with this shaft, and I was able to go straight over that with My usual sealer. Once finished I could not feel the place, and looks wise not as distracting as a filler may have been. it sort of just looked Like a sugar spot. I had the shaft for at least 24hrs after the work was complete, and still could not feel any movement in that spot. I will be trying to keep an eye on that one over time to see how the repair holds up.
Greg