There is Bondo already made like this with chopped up fiberglass mixed in… the mix is green in color and so is the can it’s sold in. It’s not thinned with resin though so you would have to thin it with resin yourself. It’s harder to sand than normal bondo… not impossible, just takes more time is all. Marglass also makes the stuff and guess what… it’s green in color and has fiberglass mixed in it lol.
My guess is the green bondo will expand and contract more closely to the SMC or fiberglass panels than steel/bondo. How deep is the valley your wanting to fill in?
edit: ohhh duh you guys already said this lol. On the subject of regular bondo… i’ve used it a lot and mine has never cracked out. I’ve slammed the doors it’s on, flexed the panels and it never seperated from the steel panel or cracked. Granted i didn’t do a massive flex test. Usually if it cracks or seperates (falls off) it’s from the prep work not being good enough. On metal ya gotta rough the crap out of it with 40-80 grit paper before applying the bondo filler. And mixing it at the correct ratio. 