Thanks all for feedback.
Having a chat on the phone with Imax yesterday, he was really scratching his head. "It should work !".
I did a simple test to see if the expander foam was reacting to the cloth tape. It wasn't that. But, I found out the fault in the end. It's was caused by an "Idiot Behind Machine" (IBM) error. I operated the can side up, and not upside down. However, the instructions on the can did not mention this, but the picture on the can showed what to do. And I call myself a picture man.. anyway
So I retried; making the area open (Imax's suggestion) and operating the can the way it was designed to be operated. Much better.
Paducah: I know you said not to use cloth tape. It was a hot weekend, I didn't want to use masking tape as it lifts off the board when it gets hot.

The result of Saturday. A nice finish in the fwd side of the box hole.

Today was the business - time to get buttery !. Some years back, I threw out my old talcum powder (I think because it went solid ?). Today, I could not for the life of me buy unscented talcum powder (3 supermarkets + Chemist Warehouse). Nobody seems to sell it anymore. I read somewhere not to use baby powder as a filler, but this is all that was available. So, baby powder it was. I mixed 60ml of epoxy and doubled the volume with baby powder until I got a mayonnaise thickness.

I buttered inside of box hole and outside of box, and fitted box into board from the bottom of board. Everything went well.

Once box was in, I taped up deck.

I checked fin to make sure it's 90 deg. I take back what I said earlier about never milling out a fin box again. The tight fit made it very easy today. It was forecast 27C today, but it hit 31C at my place, and the glue cured very quickly. If I had the extra step of making sure fin was square while doing everything else, it could've turned into a sh1t show.

Roughly 90min later, the glue had turned plastic on the bottom. So, now I flip board to work on the deck. This is what I found. A few spaces around box. It looked worse than it was I think.
Nb/ The remainder of the glue in the tray cured nicely. No melt down or unpredictable reaction. So, the baby powder seems ok at this stage.

About 10ml clear epoxy to fill the voids, then mixed in baby powder and closed it off.