Rob S
RE Blisters
I put our 99

in a fresh water lake in SoCal in January of 2000. after taking it out for a trip late that spring I had to clean the new boat thoroughly of course. I then noticed the blisters.

I found out that fresh water penetrates faster than salt, especially warm fresh water such as we have in southern cal.

The problem was fixed by light sanding of the areas. The biggest blisters were smaller than a pencil eraser and bled water when scaped. we were surprised.

Anyway, two gallons of epoxy yeilded six coats and a bottom like a destroyer.

The boat has always had a bone dry bildge and has gotten around california, catalina, nevada, arizona and recently Powell in Utah. She went back to that lake for a year with no further outbreaks of blisters. The bottom paint does add a bit of drag if your concerned about speed.
The folks at WM provided a lot of info.
Good luck with your problem Rob