I have read how many of the old plank-on-frame boats have been given new life and added marketability by sheathing the outside of the hull with either fiberglass or a cold-molded veneer. My understanding is that this will eliminate the need to recaulk the seams; however, the original internal framing system still remains in the boat, and is still integral to its structure. I'm no engineer, but it would seem to me that while you "gain" by elminating one of the biggest wooden boat maintenance issues, you "lose" because now you have the additional weight of the external shell too. But with a boat that beautiful, I'd be willing to "lose" quite a bit. Anyway, you don't buy a boat like that to win races, you buy a boat like that because she makes your heart race.