really depends on the resins used and the quality of the lay-up in the first place, plus any treatments to the
hull. Temperature is also a factor.
With a 20 year old hull, it is unlikely to be a cored hull, as most back then were a solid
core. Therefore th worst that is likely to have happened will be
osmosis - and that will be immediately evident as soon as the
boat is taken out of the
water and cleaned off.
No
boat has ever sunk due to osmosis!
However, I would be very suspicious of through hulls and especially any metalwork underwater. If she has really been in
water for 20 years, then the zinc's will not have been renewed, and any metalwork underwater is very suspect, that also includes propellors,
rudder fittings and through hulls - these can sink a vessel and have done so many times.