Depends...
If the boat is out of the water and if you are the one doing the labor, I'd say do it. Any time you can do more to seal the hull against water osmosis it is a good idea to do so, within reason. I speak as one who asked whether I needed a barrier coat and paint on a nice clean gelcoat and was told "no," only to find out two years later the hull was riddled with hundreds of blisters. The boat was not an Ericson, and was an '83, but it was kept in the water for about 8 months a year. I did the onorous job of cutting out, filling, sealing the blisters, followed by Interlux barrier coating and a final layer of CopperPoxy. The materials were relatively expensive, even ten years ago, but nowhere close to what a full bottom job would have been. One factor is how long you leave your boat in the water between haul-outs, another is whether Ericson changed their polyester formula during that era (I suspect they did, as the petroleum crisis took place in late '74 - early '75.) My '76 Ericson developed blisters before I bought it, as I learned from talking with the broker who sold it to the owner before me (a full bottom job was done before that.) It has a bump or two now, but I am monitoring them and will take care of that next winter. Boats don't sink because of blisters, but once they start you wish you had prevented them as the cure is much more extensive than the cost of prevention. Bottom line is that if your boat has been in the water for long periods, and has not developed blisters by now, it is probably OK. But if you can do the job now and the boat is out of the water, you have just purchased cheap insurance against future problems. Also, look into a product made by Enerchron called V50. It is an industrial coating (like thick paint) that is impervious to just about anything (including Helium) and I suspect it will find increased use as a moisture barrier on hulls in the near future. I have used it on rudders and centerboards with excellent results.