Best repair for grey cast iron for this application is oxy/acetylene welding IMHO. There aren't a ton of shops that will/are set up to do it however, it will give you the best repair, particularly if it is within the combustion chamber. I had several cracks in my head within the combustion chamber that were repaired this way and have yet to have any issues.
Ideally, they will grind/prep all of the cracks after magnefluxing the casting, heat it up in an industrial furnace, make the welds and place it back into the furnace to SLOWLY cool down to minimize internal stresses and prevent additional crack formation.
Some of the other methods explained can make a good repair, particularly if the cracks are not in high stress areas but if it's in the combustion chamber, I would personally have it O/A fusion welded the old fashioned way. I'm not familiar with any shops near Austin, the shop I had my head repaired at is located in Nevada, IA:
http://www.midwestcylinderhead.com/-Tyler