I too just purchased a 1967 Pearson- Alberg 35. To give some compairson. Mine had the hull redone (new glass, coating, etc) in 1996. Then over 4 years, the deck was replaced, interior completly redone, refirg (large one) added, and fainaly, a new westeblake 4 cy diesal. In 1998, while the deck was being record, the mast was replaced with a Hood in-mast furling system. Approximatly $55,000 was invested by a wealthly owner. (I have the receipts)
This boat is on Lake superior, At $4,500 to transport it to Rockport (Tx) and the purchase price of $25,000. WITH the 3 month old survey, I snaped it up.
Now, when compired to the Moody 30, which much like yours, I got for $7,700. I have spent at least $12,000 additional, (and thats doing the work myself) for a complere refit. So the $12K additional, and 1 1/2 years work to save $9,600 seems a good deal if you can do the work, enjoy the work , AND HAVE THE TIME.
I wish you luck...but the problems can be hidden and a final survey is money well spent.
Boat no 6 "The Last One"