The glass looks fine but it is going to need a new transom! If you are going to recore it with wood you will be cutting the outer skin off any way, if you are going to pour a transom then after you get all the wood out you will see what is needed.
For $200 bucks I say go for it if you want to do all the work.
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1986 V20 
Old Fishermen never die, we just SMELL that way!!
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