Hi Mark, for the bulge to have occurred on the inside of a curved surface is likely to have been from one of two reasons:- One SERIOUS over pressurisation or two the boiler ran dry and the copper became soft. The former does NOT have to have been steam pressure, it could have been caused by over enthusiastic pumping for a hydraulic pressure test but now distorted it’s strength is much reduced. If you are a member of a club then talk to the boiler inspector. If you have the knowledge and understanding of what you are doing examine the boiler VERY carefully ! It may be possible to by VERY careful work force the inner firebox back into a circular shape, by pressing a round object into the firebox, greased to lubricate. If all still looks OK then conduct a hydraulic test to 1.5 X working pressure, in this case 60PSI. If there are ANY leaks then it is not fit for service or REPAIR.
For private use the above could be considered OK but I would urge you to get a proper boiler test at a club.
By all means make the bungs and try. Good luck. Noel.
PS If you can get your hands on a domestic pressure cooker, replace the rubber mounted T valve with a brass fitting and pipe to your engine, or just drill a hole for the fitting – it works, gives 15 PSI, I tested a Stuart No 1 this way.