I love the way the teak decks look too, but regretably, the decks on this boat are worn down beyond the point of saving (according to the owner). I'll see it today. I'm a professional marine carpenter, and have installed lots of new teak decks, mainly on larger motoryachts where the owner wanted a teak overlay in the cockpit, sometimes on the foredeck as well. So I could replace the decks, but probably wouldn't, because of the weight up that high and the material cost and labor involved. (We put them down without fasteners these days, so they last much longer and you can sand them many more times because there are no screw heads to hit as they wear down). I do like all the other teak trim on the Cheoy Lee boats though, and would plan to keep that all finished bright.
Thanks for the input on the keel-centerboard configuration. Draft is a concern in the Gulf, as it's shallow everywhere near shore, but so is good sea-keeping ability offshore. I've read good things about some keel-centerboard boats though, like the Tartan 27, which I think Jeff on this forum holds in high regard. This Cheoy Lee may not be in the same catagory, I don't know, but it is of similar size and displacement. Just not sure about the original build quality.
I realize the centerboard would be a disadvantage in regard to the additional maintenance and hassel it requires. The current owner of this boat says that lowering it has little noticeable effect so he usually sails with it up... Maybe he doesn't sail to weather, I don't know. Will see the boat this morning.