Jedediah wrote:It is just the 10-12 sq. inches at the upper part of the chain plate and a similar sized area near the deck step/compression post.
Hmm...only the two most important structural parts of the bulkhead!
Suspect bulkheads are bad enough, but when the suspect area is directly in way of the most critical rigging connections, I'd be a bit concerned. Now, I am not there to see the situation, and it's possible that a temporary solution will work fine--or even that the status quo is acceptable. I can't possibly say with the information at hand, nor could I ever say from a distance whether anything is truly OK.
Typically, I believe it's best to replace an entire bulkhead when the old one contains significane rotted or otherwise damaged areas. No boat is any good if her basic structure is unsound. Again, though, I don't have the information I need to give any sort of unequivocal answer in this case, I'm afraid. But rot in way of your chainplates is of course a serious concern that needs to be addressed, however minor it is.
More questions:
-Are you sure your screwdriver is penetrating punky wood, and not a gap between the actual bulkhead and the hull? Often (too often), bulkheads are cut short of the actual size needed and rely on the tabbing to bridge the gap. Maybe it's a trick of the camera or something else entirely, but at the top, just outboard of your chainplate, it looks almost like the bulkhead ends with a sizeable gap to the hull. But then lower down, below the chainplate, it looks like the bulkhead extends all the way out, so that distinct dark line at the top might be something else entirely.
-Which leads to a follow-up question: if your screwdriver is penetrating outboard of the chainplate, what does that say about the quality of the fiberglass tabbing there? It shouldn't be possible to push a tool through good fiberglass. What is going on there?
-Is that chainplate supporting an upper or a lower shroud? If it's a lower, the overall concern is much less. I suspect it's an upper, though.
-Do the chainplate bolts pass through sturdy tabbing on both sides of the bulkhead? If so, then the tabbing is providing significant support for the chainplate, which might reduce the immediate concern over the condition of the plywood. Still, this is not a situation to be ignored going forward.
-To better know how to proceed, it's really best that you do more investigation into the actual condition of the bulkhead. Maybe you can temporarily disconnect this stay and unbolt the chainplate so that you can get a better look inside the bolt holes. This will speak volumes. The lower shrouds will support the mast pretty well, and you can also run your main halyard to the rail to add some temporary support while you undo the stay. But don't do any of this if it's not something with which you're already inherenty comfortable. Too many unrigging mistakes have been made by well-intentioned folk.
-You might be able to effect an appropriate repair here. Again, it just depends on the actual conditions at hand. I don't think you can proceed in any direction, however, without performing more in the way of exploratory surgery to find out exactly what you're dealing with.
Jedediah wrote:Or is replacing the whole thing with new plywood (or better yet a sheet of FR4/G10 of some other pre-made structural fiberglass composite) the only way to go?
Note that using any solid fiberglass panel, like G10 (an epoxy-based fiberglass laminate), would be far too heavy to use as a bulkhead replacement. This stuff weighs a ton (much more than plywood)--never mind what a large sheet of this material costs.
If you want to use something other than plywood, there are a number of options that are built using some sort of core material with fiberglass overlay. But good plywood still works fine and is the easiest and safest bet for most people. Please don't use the junk from the home center for anything structural.