You do not need to remove thru-hulls before blasting.
The P26 keel is cast iron and there are a few ways to deal with it.
Whichever you choose the first steps should be done immediatly after
sandplasting to bare metal because the cast iron will start corroding as
soon as it's exposed. Be sure your sandblaster knows that the keel is cast
iron and will take a different abrasive than the hull.
1) Prime bare metal with a zinc chromate type primer and then apply barrier
coat (e.g. Interprotect) and bottom paint. I did this once and the results
were very good.
2) coat bare metal with epoxy (e.g. West System) using a brass or SS wire
brush to work the epoxy into the surface. This step lifts corrosion off the
keel and suspends it in the epoxy. Before that coat of epoxy has cured do a
second adding a barrier coat additive (I think that's West 422). Repeat
with barrier additive for a total of 4 to 7 coats adding each before
previous has fully cured to get full cross linking between coats. I have
done this too and it is very effective and it makes spot repair simple. I
added pigment to the last 3 or 4 coats to get a more solid color. They have
white and grey. Sand the final epoxy coat for application of botttom paint.
This is a very managable job on the keel of a P26.
For the keel/hull joint I would fill it with West System G/flex epoxy. Dig
out all the old filler you can first. There is a thickened version of
G/flex and you can add fillers. It will cost a bit more to use G/flex but
it remains much more flexible (though not like putty) and is really sticky.
Dan Pfeiffer