Not a Popular Answer, but....
Okay, here is the real issue that no one talks about... the fact that just because a boat has blisters, does not necessarily mean it has a structural problem. A psychological problem yes, but if the blisters are small, they are only cosmetic and are probably not into the woven glass. The boating industry has been very successful in scaring boat owners into believing that their bottoms should be peeled. If you do the research, you will also find boats with re-peeled bottoms can get blisters again!If you plan to keep the boat for a while, you probably can do nothing for years with no structural damage to the vessel. Just check it IMMEDIATELY after it comes out of the water to see what the blisters are doing. Circle the blister becuase it will fade away as the boat sits. Fix only the ones that get larger than a quarter to prevent penetration into the wovencloth. Unless you do a full bottom peel, you could spend countless hours fixing the very small existing blisters only to have new ones appear in a year or two. (in some cases, once the initial blisters form, no new ones ever form)Remember who benefits from boats with blisters, BOATYARD REPAIR FACILITIES, so of course they are going to sing the dangers. When you go to sell your boat the brokers will tell you, "Oh, we can't give you that price, the bottom has blisters". When you go look at a boat with blisters, the brokers say, "well blisters aren't really a problem their just cosmetic". Do some serious research on the internet regarding the causes, extent and progression of the blisters. You may find you don't really need to do anything than monitor and fix the "problem" blisters. The vast majority of boats that have blisters are cosmetic only.I know this will not be a popular point of view, but what the hey....