phase 1

[GodsReel]

skin the bottom layer like fred said , that is the only way to do it, i have heard of people using a tool like a planer.

[Islandtrader]

Check out page 3 of my rebuild post about 1/3 of the way down. It explains what I did.

I would use an epoxy fairing compound like systems 3, then I would put a barrier coat over the entire bottom hull...like Petit Protect.

If the area around all the holes are solid I do not think you need to peel your entire hull.