What hull and vintage is that? Marstrøm? 90's?
I have seen two ways to retrofit a Tornado for a bowsprit, both almost at the tip and not as far back as your boat:
1: Drill a somewhat large diameter hole (35mm?), and fill the drilled hullsection with thickened epoxy. Make sure you fill a large area inside the hulls to distribute the load (squeeze the epoxy in there while the other side of the hull is taped over, repeat!). I would do this while the hulls are upside down and stern raised, like on the trailer. When the epoxy hardens, drill a new small diameter hole trough the epoxy for the bowsprit stay-line. Round off all sharp edges..
2: Use a fitting like you did, but follow the procedure above. The plate goes on the outside (far side) of the hull, but embedded it in the epoxy so it's mostly fair.
Your backing plate does not resemble what I have seen earlier. The plates I have seen are circular, with the hole for the bolt in the middle. Without knowing how you fitted the backing plate in the hull, I think you would do better with the hole for the bolt in the middle.
If you get a circular backing plate, and do the epoxy procedure, the whole bow will have to break off before the fitting rips out.
If you want to get more ideas how to fix this, I suggest you post the same question on the TornadoCat forum at
http://groups.yahoo.com/group/TornadoCat/ There are lots of Tornado expertice there..