I'd be just as careful checking out an old composite boat as an old wood boat. The reason old wood boats have stringer issues is the foam holds water, they get wet and stay wet. An old composite boat can have saturated foam and be heavy, list to one side, or have many freeze/thaw cycles from foam holding water resulting in delamination issues. I've seen a couple posts on forums of these types of issues in older composite boats. '88 MC should be composite but I'd check it out as closely.
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