New engine, new rig, new interior = complete salvage boat. No matter how much time and money you put into the boat it will always have a scary history. I’m not saying that Catalina is not capable of a fantastic repair job however one can never be sure what issues will develop over time.
You get what you pay for (in most cases).
“Greatness Is Not In Where We Stand, But In What Direction We Are Moving. We Must Sail Sometimes With The Wind And Sometimes Against It – But Sail We Must, And Not Drift, Nor Lie At Anchor.”
Oliver Wendell Holmes