Rob,
Need more info to give better answer but for now consider:
Is the "soft spot" in the area of fasteners secured to the deck/floor? Like fer instance the teak foot braces-So the water has got in via the fastners work ing over the years? Or is it in a large spot like where the guys jump down from the deck...
What readings did you get with the moisture meter?
The core of these boats is, I am 99% certain, Balsa, which being wood absorbs moisture. Thus you need to determine the area of the "soft" spot compared to the moisture in the general vicinity of the soft spot.... The "soft spot might be say 8 inches in diameter but damp core might be plus 24 inches outside that-Follow?.
SO
Moisture meter needed for this plus some diligent sounding with the rubber mallet- Competent surveyor can instruct on the finer details.
Repair?
Depends but the variables are
* Does the core need to be replaced? in which case commonly the skin on one side (the top?) is removed, the wet mushy balsa is removed new core installed new laminate gel coat and off you go.
If the spot is not so big, sometimes you can cheat and gouge out the wet core and merely fill the void with epoxy mixed with cabosil or similar-Gougeons West System (not marine) has several great soft cover publications on this whole affair worth the 20 bucks just to understand what the repair guys are telling you...
http://www.westsystem.com/ss/how-to-publications/ A mate of mine has just done this to the chain-plates are on his 25 plus year old Nordic 44 and he did it himself, so this cheat method it is well within the skill range of an intelligent engaged amateur
*Simplicity of work-Is it all on a flat spot or does it go round a curve?
*Skill of operator
* Does job need to be repainted?
Does the boat need to be hauled, for temperature more than stability-if in the North and cold is not easy to keep warm while gluing...
What part of the country are you? are there skilled glass guys/boat builders in the area?
Good luck-Let me know if you need more opinion...
Cheers
Cooper
Joe Cooper
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