I see what you mean about the lack of penetration, stands out like dogs balls now that you've mentioned it . I'll try increasing the amps a bit and when I think back the wire speed did seem a little fast.
I might cut the patch out and have another crack with your advice on board before moving onto the outer panels.
Cheers
G'day Mav,
You can see from your 4th photo (looking at the other side of the weld) that you aren't getting very good penetration. You can still clearly see a gap between the two panels meaning that the weld is just 'covering' the join, so when you grind it flat you're exposing the join again, hence the pinholes.
Looks like you need to increase the amps and maybe decrease the wire speed, generally speaking you want to use the maximum amps you can get away with without blowing too many holes. If you're not blowing any holes in the panel then it's likely the amps are set too low.
With the wire speed, you want to use the lowest setting you can get away with without the weld stopping and starting, the less wire you add the better (and the less grinding you'll have to do later).
If you're welding a nice thick piece of new steel to a thin old rusty bit, you'll find that the rusty bit will burn away before you can get a decent weld into it, normally I'd say that in this case you maybe should've removed more of the rusty panel and installed a bigger patch, but that's not always possible so what you can do instead is adjust the sideways angle of the welding torch to direct more heat into the thicker metal.
Also, try not to do long continuous welds or you'll end up with warped panels, it's maybe not so bad with this panel because the pressings brace it somewhat but once you get into big flat sections of bodywork you need to be extra careful. Once tacked in, just do something like a 20mm weld, then move to another side of the patch and do another 20mm weld and so on until all your 'stitches' join up.
Have a look at the back of the weld (easily accessible here) to check your penetration, you should see that molten metal has completely filled the gap and probably needs a touch-up with the grinder on this side as well.
Lastly, throw a straight-edge (ie a steel ruler) across the inside of this repair when you're done to make sure it's flat in both directions, I reckon you might have trouble with the bonnet hinge binding if it isn't?