This is my second boat, a 1999 ski nautique with a python 502 in it. Overall, I am very happy with this boat. It's a little rough around the edges, but it has great guts.
The engine runs very well (from a short test drive). It hit 53.4 on the perfect pass GPS, and was a little over 5000 RPM. The upholstery is in overall really good condition. I've replaced the passenger side seat upholstery, but nothing else is very urgent.
The trailer is was newly redone (well, started with a different one). Aluminum replaced plywood/carpets...rust removed, some minor welding, rust preventative paint followed by rustoleam black
The rub rail has been replaced. There are a few areas that need gelcoat repair, but nothing that's too deep. That will happen soon (9/15) Also up for replacement: shift/throttle cable (9/15)
Overall, this is a great addition to my garage, and I don't think it will be too long before I'm happy with the way that it looks.