I Used MDO plywood for the wooden replacement parts- it's the same material used for road signs, so it's resistant to weather/water. I gave any that would be more exposed to moisture a few coats of Polyurethane, just to be sure it can't absorb water. The tips of the seat cushions, backrests, coaming pads were very pointed and that doesn't work for wrapping foam & vinyl tightly, so I reshaped them and rounded the tips- I had two exposed screw holes at the front- I put the Boater's Checklist on the Port side and the new safety switch ahead of the helm control. I hated the interior- too soft, felt bad and the buttons weren't doing it for me. Also, I never liked back to back seats.They changed the materials and methods before your boat was built and I definitely prefer it to the way mine was made. You can see the pointed end on the plywood- it can't be wrapped without overlapping and it's more likely to eventually pierce the vinyl.Like that older Four Winns! I have to pull out the coaming panel on the starboard side because the wood in the rear portion of it is falling apart. I fixed the port side about 8 years ago and it's held up well. At the same time I think I'm going to install a Sea Star CH 1700 control to replace the sloppy old OMC OEM unit. I also have to have the big sunpad re-done, the 25 year old vinyl is starting to come apart.
About the Cobra drive, there is one local guy who will work on them. I have a spare drive and might get the lower & upper rebuilt, so I have a spare. The other options, SEI makes a conversion kit to put one of their Alpha copies on a Cobra transom mount. I hear it works pretty well. I guess you could use the conversion kit and just use a rebuilt Alpha 1 Gen 2. Another more expensive option is to convert to a Volvo SX, using most of the Cobra transom mount with the Volvo pivot housing. This is possible because the Volvo SX used a modified Cobra transom mount when OMC and Volvo were in the joint venture period. But used/rebuilt Volvo drives are expensive, and these are getting old now too.
What I liked about this boat is it is small enough to trailer (20'9") but is a true deep V with a 21* deadrise, so it rides great in the chop we get here. My local areas are 2 harbors that lead out into LI Sound, and we are about 8 miles across from Norwalk Ct.
Hope the one I have to do now is as easy as this one was....
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It's too bad OMC was shut down- the Evinrude FICHT cost them a lot of money and COVID was the end of them.

