Thanks but I learned that back in 2009
https://www.arboristsite.com/threads/limb-removal.89495/
In this case I can't tell what is collar and what is limb wood.
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But I sent pics to the only ISA certified MASTER arborist within 50 miles of me and he said not to cut any living tissue. I told him some guys were saying that if I leave it as is it will rot out. He said "Yeah, a long time ago guys used to fill that hole with concrete, but that didn't work out too well." He said just cut off some of the dead wood so that the healing tissue won't have so far to grow. Other than that he said leave it alone.
I'm still looking for more opinions. I scheduled a consultation with another arborist in a couple weeks.