I used 1" Coosa board and epoxy with microfiber filler to re do my transom. After the engine was removed, the job took 4 days of part time work (a couple hours for a helper when laying up the inside transom glass) to have the transom finished and ready for paint. I used a 20" electric chain saw to remove the wet 1" end grain balsa core before I cut out the outer fiberglass layer. The chainsaw did such a good job removing the core without damaging the inside or outside glass that finishing up, using a side grinder with a 40 grit disc, cleaned and etched both surfaces in about a half hours time.
The nice thing about doing it this way is that I was able to inspect the stern edge of the bottom core. When surveying the boat I didn't fine any moisture in the bottom core, but I hadn't been able to get underneath or behind the tanks. When I did the transom, I removed the tanks to permanently isolate the tank bracket screws from the coring which hadn't yet leaked. I also added 3 layers of glass on the inside of the lower transom which is now ~3/8" thick. I also re-bent the tank stern brackets so that they now attach to the transom and Coosa board and are now a sheer force on the screws which is much stronger.
When I have some time I'll throw together a video of the boat overhaul, including removing all deck hardware and surrounding coring, rewiring etc.
If anyone near Eastern NC is going to fix their transoms this way, I still have the other half of the 1" Coosa board. 2' X 8' a size that nobody sells...