another alternative......
if you can get hold of a piece of plate the same sort of size as the table, about 3mm (1/8") thick it could be mounted with countersunk screws this would reducew your working height a little but if fitted with care could re-furbish the machine quite nicely.
if you are feeling realy flush you could get the plate ground by a local engineering company, if you have one you are friendly with they may do it for the price of a beer or two for the bloke that does it, and it will make a nicer job.
the only dissadvantage is you loose any slots you have in the mashine already for holding work down, this may or may not be a problem, if so consider using a thicker plate and tapping some holes for fixtures
it may not be as easy as filling the table but will look a lot better, welding is not realy an option, in my opinion, as drill tables are normaly made from cast iron, welding can be at best difficult, at worst, you crack the casting, to weld cast iron you need the correct grade rods, and have to heat the whole casting up evenly before welding to avoid cracking during cooling,
HTH