Geez, vintage, that looks like a beauty! Tap around on the transom to see if it is solid and even stand on the outboard and see if you get any flex in the transom. I have never plumbed a porta potti in my V20 cuddy. You are right that emptying out the portapotti is not real pleasant if #2's have been done it, but piece of cake if it is just liquid. Even with the #2 it is not bad if you empty it the day it is used and you use the holding tank liquid stuff (can't think of what it is called but you know what I mean). Just do not forget about a #2 until the end of the season. Been there, done that, and it was horrible.
The V is perfectly suited for the uses you have described. Good luck with it. Assuming floors and transom are solid, and the engine is strong, looks like a really good deal.
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