Depends on your choices and your motivation. Probably less than half the guys that start a full restoration like you're talking about ever finish it. If you are thinking you can have a nicer boat, for less money, by restoring one than what you could buy used, forget it.
On the other hand, if you are good with your hands, are good at problem solving, like learning new skills, and take a lot of satisfaction from creating something attractive and useful from raw materials, sweat, itch, and brain power, sign up, man.
Dave
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Blue Heron Boat Works
Reinventing the wheel, one spoke at a time.
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