That is a difficult spot to drill and keep the center of the drill in the center of the old hole, so you could put in a bushing. If it were an option, I have done dozens if not hundred of those kind of repairs using a drill bushing of the correct inside diameter, and those have always turned out to be permanent repairs. I put a bit of weld on opposite sides of the bushing and it's done.
That said, yours looks like it would be difficult to reach with a drill that was fixtured, such as in a mag drill or a similar thing. And without that it would be difficult to keep the bit from drifting way off center. So the other thing I have done, is to get a carbon rod the correct size (made for welding/brazing fill in of holes) and build it up with weld. I have done the build up with 7018 stick and ER70S2 MIG and both have worked fine.