Remove the entire brace from the hood straighten it install new tee nuts for the hinge bolts if needed and weld it back in. That is repairable, if you need pictures of what that should look like let me know.
I have no problem with that I didn't think of it.you could use a 5/16 - 18 tee nut, that will have the correct barrel size for the hinge. The only issue then (if it matters) is the bolt is oversize from true original.
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Does this picture of the Hinges on a 1939 Ford Deluxe help?