I would mig it, but fill the hole with something first to avoid blowing a hole it the sheetmetal. Something like a flat headed nail or tack to fill the hole, then hit the head with your mig wire and let the puddle flow onto the valve cover. Then cut/grind the rest of the nail off.
Or back the hole with a piece of copper and then mig it up. The mig weld will not stick to the copper and will support the metal to help keep the hole from blowing out.
Or recess the hole a bit, fill the hole with a nail head or pop rivet, and cover both sides with epoxy.