I think it's a Formosa 41 or therabouts, it's a center cockpit ketch, or maybe schooner. But I agree, of the two boats, this one might actually be worth restoring for the right price (free or close to it). Hardware on those 70's-80's Taiwan made boats is always suspect. Fortunately, this guy seems to have removed most of his, so less work in removal. It's got that going for it anyway.