Fun... Is not the word that comes to mind. It's a grind.
If its wet then do it - once moisture is present, its just a matter of time. If it's not structural now, it will be. Or, wait for it to get worse - it could take years - put it off and enjoy your boat.
Me ? If you have the time, will and ability, I'd do the whole thing, properly. I used plywood - gasp! and as long as you pot all thru bolts, epoxy those damn! transom storage drains - you should be good ( it's not expensive - its just time consuming ). Read up on how it gets done on this site. If you get stuck, the guys here will help. There's little cosmetics involved, mostly layering glass in a proper, structural way.
Good luck.
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