I knew a guy once who had an old 42 foot Dobbin Sport fisherman that was built in Maine which had similar design features including the double plank mahogony hull and a wide carolina flare etc. He spent a small fortune getting the borers out and new wood replaced , an awl grip pait job etc and it was a beautiful and very stable old boat with teak and brass everywhere etc. A couple of years ago during the december Virginia bay rockfish season he hit 4 foot seas at the mouth of the potomac river and a bottom plank popped just at corn field harbor but he managed to run it up on a shoal and wade to shore but a detailed marine survey later showed that the hull screws were also eaten up so it was junked. I love the look of old wooden boats as long as they belong to someone else....Frank