nice project looks like a good one to restore. if the transom is solid and just deck is soft, might want to cut out rotten deck to see how much of the stringers will be exposed, possibly address that issue and leave cap in place.
also while your on the engine, i think that vintage yamaha is the one with the shift shaft coupler that gives problem. make sure its ok before going too deep in that motor.
looking forward to the build
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