I built a 32' Hartley RORC in ferro too many years ago.
Many of the problems should be evident with a very careful
inspection.
As with any
hull material it may not be possible to be 100% certain that the hull is sound. Two particular traps that come to mind would be if the hull was cracked below the
water line and the steel reinforcing corroded due to
electrolysis and problems relating to integral internal
tanks.
A friend sailed his ferro from Oz to
France, no worries. Then he lightly touched a solid structure and a fair bit of his side (from his distantly remembered comment) caved in. He repaired and continued...
I still have Bruce Bingham's book, "Ferro Cement design, techniques and application". In his designs and designers section at the back he lists a lovely 42' Tops'l Schooner by Jay R. Benford and Associates and the 42'
ketch Doreana, designed by himself.
42' Stays'l Schooner