Yes, I'd try patching it if it was mine.
If I patch it, I'd be very nervous riding with it as it is mounted on my 'fast bike' .... I have a route that I do often, where there are a few downhill sections where I get to speeds of close to 50km/hr
I will however try and repair it and keep it as a spare .... I've ridden 1,286.6km on it (mounted on the rear wheel) and it still looks brand new