Hello and advice needed on V20 purchase

What a great forum. I hope someone here would be kind enough to give me some advice as I'm thinking of picking up a V20 as a first boat for fishing here in the NY long island area.

I'm looking at a 1976 Wellcraft V-20 tommorow but I'm concerned about the fact that the boat only has a 115hp outboard, was rebuilt 3 years ago. The price is pretty low and is described as in excellent condition. But is this enough power for 3 guys? A repower looks pretty expensive. I'm mostly going to be bay fishing but hope to get out on the ocean for some nearby bottom fishing if the weather is mild.

I was told the V20 is very seaworthy and has a great ride. I've given up on finding a 24' Airslot outboard and the Seacraft's are too expensive for me in an outboard version. Any feedback appreciated.

I love how you guys have souped up your boats. Thanks for any feedback.