That's the reason the mast came down, not the soft deck. The through hole in the deck was not sealed or maintained on a regular basis and water infiltrated down the chainplate to the bulkhead, where it caused rot and loss of structural integrity. The water also soaked the deck core; both of these issues are relatively common on old boats with deferred maintenance issues, mine included.Oh, and the chainplate was attached to the bulkhead, but it too had rotted out, and the entire bracket pulled right through the deck. Sounds like I should look at replacing that too.
You can replace that bulkhead- on our smaller ODays (not totally sure about your 22, but I'm guessing) it's not tabbed in with fiberglass, but rather just bolted in. You jack up the cabin top about 1/2 inch and the bulkheads come right out. Then you can use them as templates for new ones that can be cut with a saber saw. One 4X8 sheet of 12mm or 1/2 inch marine grade plywood will do it.