Can this cantle be saved?

[Tarheel]

The cell walls of the leather have separated and exploded over time due to humidity and drying. I do not think there is a way repair this. However...

There is a way to fill the voids with an epoxy that stabilizes the shape and creates a solid mold. This could be sanded and finished but would not look natural. Afterward, a veneer of super thin leather could be applied.

I think a replacement cantle is needed. I wish I had a better observation.