The hole really was a minor issue. I had figured to try to repair it as suzeeq suggested with just a loop and a square knot, I don't think it ever would have been noticeable but to me. The main problem I had was picking up those extra stitches and having it widen out then taper back off. When I decided to peel off to repair that, I figured why not take it back far enough to fix the hole as well.
It seems I'm also getting faster each day. I think the last time I actually picked up needles to knit, Tuesday I did about an inch in just a few hours.
Thank you for the compliment on the knitting. You wouldn't be surprised how many times I started, restarted it until it looked right. It's really nice when you get the hang of it and it starts to look like something. I almost feel like I know what I'm doing. I was impressed how well my color transition went.