I don't know nuttin' about nuttin', specifically the FP37. I do a lot of
boat work, and from my experience a total refit may cost more than new. I'd
check it out and compare. When you go into a nice old area of town and see
someone bulldoze a house to build a new one on the site, I always wonder why
they didn't just fix up the old one. The reason is it's cheaper. Check it
out.

another option to consider is the prototype maine cat P-47 on the maine cat
web site.  the prototype is about 38', i believe.  the boat is currently a
hull with motors (volvo 160 hp. D-3's) with a cabin.  it is offered "as is" or
finished to your specs by them.  i think there's a "deal" lurking here.  this
boat would certainly handle ocean conditions better than the two models you've
mentioned.  by the way i have a swiss friend who put more than 15,000 miles on
a FP-37 and really liked it.