Nice boat and I'm sure you have the knowledge to bring her back to her former glory. One thing.... that trailer is WAAAAAAAY too short .... Look at the tongue and see if it is extendable. If so extend it, then move the boat up on the trailer. If not then you'll need a new trailer or convert the rollers to bunks and make the bunks long enough to go under the transom for proper support.
In all cases, good find...
And yes, you have the dreaded V20 sickness that so many of us have. 
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1987 V20 w/1987 150HP Yamaha on a Shoreland'r Trailer
1978 16.5 Airslot w/1996 120HP Force on a Four Winns trailer
1996 V21 w/1993 200HP Mercury on a Shoreline Trailer
All towed by a 5.7L Hemi Durango.
If God didn't have a purpose for us we wouldn't be here, so
Live simply, Love generously, Care deeply, Speak kindly.
(Leave the rest to God) 
Silence, in the face of evil, is itself evil. Not to speak is to speak, not to act is to act. God will not hold us guiltless.
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