jb I have to agree with your thinking.
When I bought my old Lund there was a soft spot about 2' dia. in the rear section. The boat had been sitting outside uncovered for who knows how long. Even had the small saplings growing in it. I was fortunate to find that all the foam was dry and that the ply was rotting from the top.
Now with the Alumacraft I'm working on now the PO had replaced the plywood but the boat seemed heavy. I pulled up a section of the ply last fall and 1st found that they had used heaver, thicker, plywood to do the job which added a lot of weight. Then found that the foam under the livewell is all soaked.
So like you I don't trust the foam until I see it for myself.