Re: Gel Coat or Paint ?
It kind of depends on what how you plan to use the boat and how much work and money you want to put into it.
If you want to restore the boat and get that original gel coat look, then that's what you need to use.
Paint can be fairly easy, quick and cost effetive, just depends on the paint and how good of a job you want to do.
Gel coat requires a great deal of sanding and even the pro's can have problems and need to redo it, sometimes more than once to get it right. You may save money up front with gel coat, but the cost of sand paper and the time involved can eat up any savings by the time you're done. Depending on the color it can create other issues too.
if you're not experienced at spraying gel coat you can ruin the equipment easily if it starts to gel before you expect to and hardens in the gun (very common).
While paint will (may) cost more up front, once you spray it on you're done, not much to do but clean up after that. The work with paint is in the prep, the better the prep, the better it'll look and the longer it will last.
Large high end boats are more likely to be painted.