I inherited my dad's Sea Lancer a few years ago when he passed away and I'd like to make it seaworthy again and get it back as 'original' as I can. I have no clue as to where to start, so maybe you all can point me in the right direction if I give you a few details.
My dad bought the boat new back in 1962 in Waukegan, IL. It's yellow with a copper bottom with mahogany deck, dash and gunwales. It was garage kept most of the years; I can remember one summer back in the early '90's when he kept it docked at a marina and after he took it to Florida, it spent a few weeks on the lift station behind his house. While it was in FL, he decided that it needed some upgrading and he had a number of things done to it: he had the original 75 horse Johnson, the regulator, the cable steering and some of the gauges removed in lieu of a 80 horse 4 stroke Yamaha, hydraulic steering and some new gauges. He also had the bottom of the boat gelcoated and the entire transom was fiberglassed and painted from what had been a beautiful mahogany, to yellow. I cringed the first time I saw it because it didn't look the same, but after doing some light reading here, it sounds like I may have more reason than that to cringe. The wood strips on the sides (splash guards?) were removed and lost. The Yamaha engine, turns out, is far too heavy for this boat and it sits in the water with it's bow pointed toward the sky.
How do I begin to enjoy this boat? I thought that I could find a 60 horse Yamaha engine and just put it in the water and go, but after reading about how bad it is to fiberglass a wood boat, I don't know what to do. I'd like to get some kind of idea on what it would cost to get it back to 'original' as there is no way I could take on a project like this. (I've found that I'm a good 'taker aparter' but not so good at the 'putting back together') Who restores wood boats? Is it restorable after being gelcoated? Did I inherit (and promise to never sell) a gigantic paper weight?
HELP!
In 2004 and how it looks now:

In 1962:
