Ed, here's how I did mine. My transom was rotten on both sides below the small hatches, the wood around the engine was fine. I took off the rear skin and after the goo was removed, pretty much with a putty knife, I took a circular saw and set the blade at 1 3/8" deep. I cut across the good wood in 2" strips and chiseled out the wood off the inner skin. Pretty much a PIA. After that it was cleaning up with a 4" angle grinder with 24 or 36 grit disc.
If it was me, I'd think hard about Moose's suggestion.
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