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Well, the sanding is done and the varnishing is underway! It is always a really satisfying process to start with the dull sanded finish and instantly see the final result. I have two coats on and will apply a third later in the week. Overall, I am happy so far. It isn't perfect, but I'm getting better. I only wish it wasn't at the very end when I am more impatient to get it back on the water.
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I have ordered the final parts for the new gearbox, and I'll get hopefully make progress on this soon. The weather has been perfect for boating, but I guess having nice weather for varnishing isn't a bad thing either.