Alright, signed up on Imgur, here are the photos again.
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I started drilling test holes in stringers and unfortunately found more rot than I anticipated. Port stringer is pretty much all soft the whole length, and starboard one is soft on the bottom for part of the length. Sure doesn't take much for the water to get in. A couple areas had shoddy glass work from the factory and thats all it takes. Little voids at the end of a sheet of cloth where it didn't lay flat, and one spot the cloth didn't even cover the bulkhead/ stringer joint. Water was getting in the fuel filler port where the bedding had been deteriorated for years.
Oh well.. nothings perfect with old boats. Way too much work to rebuild that. I'm just going to buy an auto- inflate life raft and an EPIRB and go out and enjoy the boat. Throttle back in the waves. If she splits open some day then so be it. I imagine most old boats out there are driving around with rotted wood and most owners don't even know about it.