I'm not afraid of wood; I'm afraid of what munches on wood (clams, worms, termites, bacteria, etc).
You are doing a great job with Oh Joy, Charlie. But that's a TON of effort to get her re-built. I've seen many, many boats like yours get started and never make it out of the yard because of the patience and dilligence needed to see the project through to being finished. Finding the problems is one thing; having the know how and skills to fix them is quite another; and most mere mortals don't have the aptitude to do what you find to be "easy".
Be sure and post some pictures of the re-launch and sailing in all her glory!!