I just did mine this past spring. If you can't get the gelcoat I would stick with using a heavy layer of polyresin since you can get that. It will wear a little faster than gelcoat as a finish coat but will definitely work. You may also want to add extra glass to thicken the area. You can always sand down later if you get some gelcoat. I used finished gelcoat and applied it with a foam brush. Had to sand a lot but it worked well.
There are several "how to" links on the web regarding bottom jobs. There is one on the Beachcats site as well. After you make any glass repair I would apply a few top coats of resin. Have you been unable to get the gelcoat shipped to your location due to hazmat restrictions?
Try this link for info.
http://www.hobiecat.com/hobieclass/ The september-oct 08 issue discussed the bottom job. Hotlines is full of little repair tips in the "This old Hobie"section.
Good luck