To start with, we tried using TotalBoat TotalStrip on the hull to remove the bottom paint. I applied it per the instructions and applied plastic sheeting on top to prevent it from hardening. While it allowed us to strip the paint somewhat, it left a bit to be desired on how much was actually left:

You can see where there is a spot there where the gelcoat had holes all throughout it. I'm not sure if someone tried to sandblast the bottom paint off at some point, but there were several places like this on the hull we were aware of. At any rate, you can see how much the TotalStrip removed there. I was a bit disappointed with this, mainly because it still required a fair bit of grinding, but more importantly, I tried a bit on deck and it destroyed the gelcoat on the deck:

Now to be clear, the holes in the gelcoat you saw above were there before we applied the TotalStrip and we only used the TotalStrip on a small section of the hull before abandoning it. My point here is to exercise caution if you are using this stuff on your boat, it will destroy the gelcoat if left long enough and that is not something that is really readily documented. That said, the issues with the gelcoat on the hull existed prior to using TotalStrip.
From here, I started grinding away bottom paint only to find the gelcoat along the entire length of the hull was cracked and flaking off:

Either it had those holes in it or it was cracked. The holes were evident when we bought the boat, although I had expected that like in previous boats we've had, it was improper installation of bottom paint over the years and wasn't a big issue. Even if it was, there were maybe 3-4 spots on the boat that had them and I figured it was an easy enough repair. Unfortunately, there was more lurking below the surface as you can see here:

These cracks were filled and faired by the bottom paint, they were not visible at all until I started grinding away at the hull. As I took off the bottom paint, the cracks became visible. In some cases, I could just pull pieces off with my hand, so it wasn't bonded at all. After discussion with some friends that had dealt with this, I figured the solution was to remove all of the gelcoat, fair with colloidal silica, barrier coat with Interprotect, and then bottom paint.
The challenge for me was doing this in my yard. I live in the mountains an hour from our sailing destination and there are no boatyards within a reasonable distance. I also couldn't justify the cost to rent a peeler and I'm not sure it would have worked anyway give the tight spaces I had to work around on the trailer. I did what I had done in the past with this issue: a Makita GV5010 grinder w/ a soft hook/loop attachment and DustBuddie shroud to capture the dust.
Unfortunately, the shroud posted a problem on such a small boat, it was difficult to work into tight spaces without gouging the hull. About halfway through, it also stopped gripping the grinder properly and would work it sway towards the disc. I had to just deal with it, but that is not an issue I recalled having with previous models. It still did a decent job of capturing dust and as I pointed out in another thread, I went through 4 large shopvac bags and 4 HEPA filters trying to get all the remaining bottom paint and gelcoat off.
The result was....OK:

You can see where the grinder hit a few spots, although it looks MUCH worse in the photos than it actually is. You can really start to tell how good of a grinding job you did once the fairing compound is down, because the white spots fill in any flat areas and you can see where it dug in too much. You can also feel it with your hand, but every photo I've taken looks like I went hog wild with it and it's flat everywhere, it's not. Thankfully, my bladesmithing experience helped a bit here and I knew to take it slow and gentle, so I never went past the first layer of laminate anywhere on the hull, there were just some minor divots or flats in spots that were trickier to work.
After applying the epoxy, which I'll cover in the next post, you can start to look in the reflect of the epoxy off of a light source and see if it is faired out properly and smooth or not.