Here you can see what I ended up doing, after finding out to my own horror, all the wood that was inside was rotted badly, most of the foam was waterlogged, one stringer was all that was left that had no rot. Surprisingly, the engine bed and transom are pretty solid, i've drilled a few test holes, and can only find strong dry wood, however where the engine mounting bolts go thru, they are stripped out. I suspect that there is some rot starting under there, I have plans to rebuild this area as well, however at a later date. I will concentrate on the rest of the boat first. I have built the forward section in such a way as to make the engine bed and transom easily serviceable in the future.