i had that exact same boat. it was $@#%ed in a number of ways. yes the stringers had rot. you can check to see if the motor mount bolts spin. i had spinning bolts, plus missing ones, and it wasn't really an issue. the motor stayed put -not effecting drive shaft alignment at all. how long could i have ran like this i don't know. also check where exhaust goes under the floor. if your exhaust leaks it may try to pump it out in that area when the foam and stringers are completely saturated. judging by the oxidation on the motor, an exhaust leak may be lurking. if you do find any delamination or soft spots anywhere on the stringers, remember you probably have 10x that amount in areas you can't see. the rudder mounting area also had issues. look under the boat and if you have big stress cracks around the rudder, the wood underneath is probably shot. if it was me doing it over again, and the boat was cheap enough, i'd use it for a few years and scrap it or sell it to whoever was crazy enough to want to fix it.. for the sub-standard wake it produces, it wasn't worth the thousand hours of labour.
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