If you can upload some good photos, that would be very helpful. The expertise of Mr. Dudley will come in handy, here.
Without seeing the missing wood, I would think of looking into some glass bedding. When done properly, it can work very well in such a case. (I recently saw a 0 frame VH for sale that I believe was glassed by Bob Blake.) Especially if you're worried about there being a very limited amount of contact with the receiver.
As I recall, the wood is extremely thin in areas on the head of that stock. I'm not sure how much success you'll have with epoxy on those areas without some other reinforcement. When you reinstall the butt-stock, you'll find a fair amount of torque is put on it when pinning everything together. That is how these typically are. That force may pop your epoxy with the wood being so thin. Maybe it's worth a shot, but add the additional shock-load of recoil and you may be doing a fair bit of work for nothing, in the end. I think it really depends on how severe and settled you think the cracks are.
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