Heed everyone''s advice. I am currently restoring a ''76 T27 myself, but it''s not nearly in the condition yours is. Had a dead atomic 4, no mainsail, and AFU c/b. Deck needs some recoring in the future.
But the excellent condition of the hull,
rig, & teak have made it worthwhile. I should probably break even or lose a tolerable few dollars when it''s said and done. Mostly just wanted the learning experience.
A better attack is to force yourself to put away the money you''ll be hemoraging into your boat funds and buy a working one later.
Anyway, the c/b pulley you saw was 1/2 of the system. a wire pendant should run from the board to a small
wheel, which is attached to the larger
wheel you saw. an ordinary
line goes from the big
wheel through a hole to a
cleat in the cockpit. Most T27s weren''t built with much "furniture" in the way of this...
And skip the diesel. working used atomic 4s are everywhere for less than 2k and can just drop in, unlike the diesels (regardless of what the salesmen say).
Good luck!