owldraco,
I have a ds1 so some things will be different. When I got my DS is was dead stock. Just 1" drain holes in the seat/floatation and bow floatation tanks. I didnt really discover the soggy foam until one of the West Coast experts, like swiftsail, suggested that the older boats usually have water logged, ineffective foam. As I was sailing with my pre-teens (3 of them) at that time, I did not want to take any chances. After looking at other boats and thinking a bit on removal and reinstallation, I decieded to cut holes in the forward front edge of the seats, and the center of the bow tank bulkhead. Used the 6" Beckson inspection ports to reseal these holes.
http://forum.daysailer.org/forum/gallery/album.php?album_id=103If you go to the above link, and search the photos in my gallery, you can see them.
Pulled out the old foam and replaced it with 2x4 sized slices i took off of a 4" x 4' x 8' sheet of white styrofoam. Hack saw cuts this stuff nicely. Lots of dust tho. I also cut and shaped other pieces to fit above the bow tank, and effectively doubled the floatation there..
DSII owners, As mentioned above, just a screw hole let in enough water to nearly sink a DS1. Even If you think the below deck areas are water tight usually, just a slight crack from a collision will remove all that security unless you back that up with positive floataion. I have also heard of some folks stuffing swimming noodles in the empty areas. Seems like a good idea to me. That stuff will not soak up water, ever.
Hope this helps.
phill