Well, I went back down to the boat, and here's what I found.
The deck has had a lot of work done at some point. Very well done, but a lot of work. You can see unevenness in the deck at various points, probably from fiberglass work. The dorade vents are missing, with little solar fans in the spots -- they actually look pretty good both from on deck and from below. The inside jib traveler is gone. The inside jib chain plate was removed and remounted upside down (you can see the "top" in the forepeak) to eliminate tripping hazards, since the PO apparently went to a sloop rig. But, on to the issue at hand.
First and foremost, the main bulkhead does not support the upper shrouds -- big plus. The upper and after-lower chains go into heavy tabs off the hull in the storage lockers. All four of them (two each side) look good and dry. The forward uppers go into the same kind of fiberglass tab, but the tab is two-sided with the bulkhead in between, and the chainplate mounted through the whole mess. The result is that the forward lower is not well supported, because there is no wood in between. But, it is "only" the forward lower, which bothers me much less than an upper. I think a good job could be done of a repair that would be sufficiently strong, given how the remaining chains are engineered. The deck around the forward chains does not sound good with a screwdriver tapping, so that's another issue as well.
Well, the bottom line, I came home and bid $10K. I was immedately outbid, so someone has a higher number than that in mind. Not too rich for my blood, but I think too rich for the boat. In addition to the rot, the entire below decks is in the midst of a refurbish -- all the wood has been sanded bare, the carpet has been removed from the upper portions of the hull and the glue sanded to clean glass, etc. There's also a mess of wiring, old electronics, etc.
Best of luck to the (NOT ME) new owner!
On the way out of the yard, I came across a newer H37C (with the dorade guard). Much better condition, but not for sale.
I've not been on the quest for very long, and this boat just became another data point in the search. Worth looking at and learing from, but not the one for today.
Thanks for your input, Ed.
Harry