If you have enough blisters to be considering "shaving the hull" in your spare time, perhaps a total rebuild of the hull below the waterline is in order? If you own a sawzall, you will find that the builders or previous owners have conveniently marked off exactly where you need to cut, usually in a contrasting color, just above the antifouling
paint. Cut off the part below this
line and discard it. Build a new lower section out of the same material as the upper section (you don't want incompatibility and flex issues to mar the finish of the topsides) and attach it to the upper portion. Launch, and away you go!
Obviously, a website forum is not the best place to learn about stripping a hull to repair blister damage. There are books about this that go into the details that casual posters may forget to mention, and which may be important to the outcome of your situation. Getting more information is good, but be aware of the possibility of biting off more than one mouthful in this operation.