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One suggestion: if you haven't already weighed the hull, do it before you get to far into the project. The boat is probably fine but as you said 'it's been sitting outside for a long time' taking the weather.

Just three of the items mentioned for replacement - a newer outboard, new console and new leaning post - will likely cost several thousand dollars (or more depending on what you have in mind for the outboard, controls and prop). A reliable outboard is always important, more so in the areas you plan to fish.

After going through the Boston Whaler restoration process twice (a late 1970s Sport 15 and a 1987 Montauk 17), I was happy with both projects. Just make sure the hull is going to be worth the time and expense.