I've been there, done that - too. Once I got it all out, and replaced the transom and stringers, I had West Coast Foam from Campbell River come in to my workshop (he has a mobile service) and spray closed-cell foam into my project. Waaaay easier than trying to do it yourself, and very competitively priced compared to any other system/product I was able to find, and a much better installation process than the usual bucket brigade. Google West Coast Spray Foam for his website. Why use the foam? My thoughts were that if that foam stops my boat from going to the bottom directly after I happen to take a big green wave over the side - even once - it will be so worth it, given all the hours of work I've already put into this project.