I guess I forgot to mention...this is an SR1 as well.

Look for cracks going away from the drives. That would be a sign of a rotted transom.

Ah, 79Formula, very good. Makes sense. Movement of the drive would crack the fiberglass

Yeah both my formulas were rotted. Messy job, but I did them for about $500 each.

http://i880.photobucket.com/albums/a...dooer/mush.jpg
http://i880.photobucket.com/albums/a...ooer/mush2.jpg

Damn, that's really rotten. Looks like a big job. The gel on your transom looks pretty good though, could you see cracks in it? (I can't tell from the pics)

My boats both have paint over crappy gel coat. The cracks are tough to see in the pics. I bought the first Formula from my uncle. He is a car bodyman so I assumed the boat was solid. It wasn't. The 242 I bought was also rotted, but it was the best boat I looked at for my $10,000 budget. I looked at about a dozen boats all over the northeast. They all had some degree of rot. If they were gone through or were rot-free original, they were more than $10,000. I would not let a transom or stringers stop me from buying a boat that was otherwise nice. Just make sure its priced accordingly.

Here is my F18 Formula after I finished it. I painted it and re-did the floor, transom, motor, and drive.

http://i880.photobucket.com/albums/a...57502988_n.jpg
http://i880.photobucket.com/albums/a...86029836_n.jpg
http://i880.photobucket.com/albums/a...44153864_n.jpg
http://i880.photobucket.com/albums/a...edooer/449.jpg

Awesome classic, what engine and how fast? Also what did it have originally if different?

That is an awesome job. I love that yellow too. Nice work! What kind of paint is it?

Boat came with a merc 260. I put vortec heads on it. The new 350 made 400hp. Ran 65mph. The paint was just car quest base clear in corvette millennium yellow.

Did you change cam too? What did it run before head swap?