I happen to have the main deck and cabin top open on my 1969 Bristol 39 presently. B39 and 40 are the same boat, except for the interior layout changed. I did not have a teak deck, just the patterned embossed non-skid. The coring is 3/8" end grain balsa on the cabin top and the main deck, as well as the cockpit sole. I replaced my balsa coring with closed cell foam as it was wet in the area's they always get wet (under the Edson, around the fuel fill connection, around the old canister bilge pump deck access plate, Stbd. Chain-plates and forward outboard port of the main cabin slider). Only way it's 2 1/2' thick is if you include the cabin liner, and the gap between the liner and the cabin top/deck. The layup on the top skin is about 3/16" to 1/4", and the lower skin is maybe 1/8". Layers of mat and cloth, no woven in the deck. All together maybe 3/4" thick. The teak deck would be installed on top of the "factory" deck, not sure if its bonded or screwed. Would depend who did it and when. I would assume it was screwed down, in which case you may have some wet coring if the screws leaked. I doubt it was anything but balsa as the boats were "semi-custom" in that the hulls and decks were all built the same and then "finished" as spec'd by the customer. Also knowing Clinton Pearson personally, he would not have spent the money or time to try and laminate with wood, I'll send him and e-mail and ask him. Last time I talked with him he was talking about how cheap that stuff was and getting truckloads of Balsa and Teak delivered to the factory. I had area's where the balsa was rotted away, but the 1/4" top skin would still hold a screw. The combo of the balsa and the 2 skins was very strong. I am using 2-4 pry-bars (wonder bars) to pry the skin away from the core even where its wet.
I was surprised when I found out that the deck flange went all the way 4-5" inboard of the toe-rail on the main deck at the chain-plates. So there is no coring in that area adjacent to the toe-rail, it's solid layup. I moisture surveyed the deck and the flange registered as wet all the way around. I finally figured I was picking up the hull joint and toe-rail fasteners. The main deck also goes solid again at approx. 2" outboard from the cabin-top where it turns up from the deck. The cabin top sides are solid un-cored. and then it turns inboard on the cabin top and becomes cored again. The coring was ground to a taper at the outboard edges to make it an easier transition to laminate over.
I cut the top skin off to chisel out the wet coring, cut a piece of new core based on the top skin I cut out, and bonded the new core, followed by the old top-skin all back in one shot. After that cured I then I beveled where the cut was made on the top skin and re-laminated the seams. Saves allot of time and money, and keeps the deck looking smooth. Once you start to do it you can be pretty proficient at it. It's work, dirty, dusty, itchy work, but the stout construction of the deck makes it easier. Big deal is getting a good survey to find the moisture. I bought my own moisture meter and sounding hammer. I also learned to apply common sense, areas get wet only where there is a fastener or seam that can and has leaked. I also used some drill holes to sample the coring to see if it was wet or dry, they are easy to fill. I used a forstner bit so the shavings would be extracted nice enough to inspect.
My worst area, that I wasn't expecting, was from area under the hood for the main cabin slider, I had to replace 5-6 sqft around that area because the seam under the slider hood was leaking. I also have some evidence that their was some leakage inside the P&S Dorades, however it wasn't bad enough to replace, and my plan is to pour penetrating epoxy in the dorades to fill those seems and anywhere that may have leaked around them. On the main deck only place I had a problem was the at 2 forward STBD Chainplates and about 5 sqft aft and inboard.
Gem is a pretty boat, she has been for sale a couple times in the last 5 years, If she wasn't priced so high when I was looking back in 2011 I would have looked at her myself. Back then she was over priced and she sat on Yachtworld for almost 2 years and I watched as the list price dropped from $60K down to $40-something-K. Then I recently saw her posted for $32.5K. I was wondering why she wasn't selling and wondered if the teak decks may have been an issue. If you can do the work I think she's a good boat. I would do it in manageable sections instead of all at once. I'm not sure the lower skin alone would be strong enough to support the cabin top and keep the hull shape.
If you have any other questions, don't hesitate to ask. V/R Matt (BLUEMOON, 1969 B39 CB Yawl)