I had a similar experience with a 1988 Hunter 33.5. Upon initial survey, thousands of dime sized blisters were detected. The surveryor that I used, assured me that the problem could be successfully treated. I negotiated a great price on the boat and used it over the summer & fall. Around Thanksgiving, I had it hauled and had the gelcoat peeled and allowed it to dry out for 5 months. Vinyl ester resin barrier coats were applied and finally anti fouling paint. One and one half years later, the boat was hauled and the pox was back again just as bad as before. I kept the boat for approximately 7 years and it was totaled in Hurricane Katrina.
Take my advice as well as Centerlines. Enjoy your boat and don't spend a bunch of money & time trying to fix a problem that has no end. In short, pox CAN NOT be fixed. If any yard is telling you otherwise, ask them for a 5 year warranty and see what happens!!
As long as the blisters remain small, there shouldn't be any compromise to the structural integrity of the hull. I would be willing to bet that the blisters are all located in the superficial layers of the layups, between the gelcoat and chopped strand layers. When you finally decide to sell, it may take a bit longer to sell and you will likely get a lower sale price; however, it will sell. There was a broker who once told me that " he had never listed a blistered boat that didn't sell"
I did a lot of research on the matter when I was contemplating having the blister problem treated again before I would sell. As I stated previously, there is NO long term fix for this problem. Boats in the North likely have a longer success rate because they are out of the water for 6 months per year; however, in the South where boats are in the water year round, water absorption occurs in the laminates and the blisters return again rather quickly. Years ago, I had read that there was a high quality yard in the North East that repaired blistered hulls. They peeled the gelcoat and placed the boat in a temperature & humidity controlled building. The hull was washed repeatedly to remove the amine blush that occurs while it is drying. Controlled heat was applied to the hull to further dry it and to further "cure" the resins. The entire process took about 6 months. The cost was approximately $1000 per foot! They provided a 5 year warranty and were honest enough to admit that the problem would eventually reoccur.
If there are isolated blisters, the usual fix is to grind them out, dry, fill, and place a vinyl ester or expoxy barrier coat. Unfortunately, with pox -- you cant do this treatment because there are thousands. The only way to remove them is to peel off all the gelcoat. Even if you do this job yourself, it will be expensive because the yard storage costs. After the gelcoat is peeled, the hull needs to be "tented" and heaters/dehumidifiers placed to attempt to dry the hull before a barrier coat is applied.
Again, the best course of action is to enjoy the boat now; sell it when you are ready to move on.