Hi Henry,
I was writing about the sealing plates on deck around the chainplate penetrations as that is invariably the cause of failure of the bolted joint between the stainless chainplate and the grp part bulkhead or knee. Annual resealing seems to me a bit over the top - I would expect a seal well made with a modern material such as butyl rubber, which remains flexible, to last 10 years so rejointing every 5 years should be fine, particularly if you take the trouble to chamfer the top edges of the slot and push the sealant well down the slot before fitting the stainless plate on top. and screwing down hard. If the self tapping screws holding the sealing plates have lost their grip on the holes in the deck, you need to drill them out oversize, refill with epoxy then drill the correct size for the screws again to ensure they have a good grip. Modern sealants are designed to remain flexible whereas the original material used 30 - 40 years ago tended to dry out, harden and crack, letting water in.
Looking after the chainplate penetrations in this way will prevent any future deterioration of the part bulkhead and any deck core around the penetration through water ingress. However, it will do nothing to rectify any damage done by water penetration at some time in previous owneship. It's definitely worth taking a look at the condition of the knees to which the chainplates are fastened to ensure they have not gone soggy or started rotting - there are many ways of doing this, including drilling small holes (4mm) and examining the condition of the sawdust that comes out. If the wood is wet, at least the damaged part of the knee should be replaced which requires removal of the cabinetry for access. peter Fleming did a great job of this on his M346, as described here:
https://www.moodyowners.info/resources/moody-346-chainplate-bulkhead-knee-repair.1584/
However, if the knees remain dry and have not become wet at some point in the boat's life, this kind of job should not be necessary as long as you take care to keep the deck penetrations properly sealed. In answer to Ben's question in the OP, yes, we have cur inspection holes in our M425 for all 6 chainplates - they are covered by short lengths of teak decking planks and inside cupboards or bookshelves, so blend in quite well. This year, the rig is due for replacement and our insurers have asked for a professional report on the attachments between the rig and the hull.
Elsewhere on this board, you will find a report of a M376 which lost its mast in the Irish sea through this very problem going undetected.
Peter.