You mean this stuff?
Permatex 09142 Wheel Restoration Kit #9358243
Wheel restoration kits includes silver paint
Permanently repairs wheel damage including curbside rash, corrosion, rust, pitting, scuffs, dents and scratches. Wheel paint included to restore original silver metallic finishes. Contains: 1 permatex wheel repair filler, 2 grades sandpaper sheets, 1 dupl i-color silver wheel paint, 2 alcohol towelettes, 1 wooden applicator stick, 1 pair of latex disposable gloves, and 1 step-by-step instruction sheet. Not for use on plastic wheel covers or structural wheel damage. Not ideal for chrome surfaces.
My answer is no. It will not fix his wheel. After the "repair" the damage will still be VERY obvious and visible. But I spotted it online for $18.00