What do we think? Well, when we take this...
...and turn it into this...
...then we think you should breathe life back into that Beetle Cat. Disclaimer: We are serial restorers who love the challenge of a basket case, with no regard to the economic case. If you plan to resell her and make a few pesos, that will be a challenge. But that is a great learning boat, to learn the care and feeding of a wooden boat and to learn the basics of the gaff rig. You can't go too wrong with her.
What year is she? There was obviously a lot of care taken with her in the past. And where is she homeported.
1) I'd remove the glass, I think it's problematic with a carvel planked boat, lots of movement in that hull.
2) Fix the trunk
3) Scarf or replace ribs
4) Recaulk only as necessary
She's a very basic boat made from standardized components, old or new parts should be able to source. You also have factory support. I wouldn't try to make her fine furniture, I'd get her back ship shape and go have some fun.
If you restore her, we could get you set up to do a paid Boat Profile article for Small Boats Magazine, it would pay around $750. It would be timely as 2021 is the Centennial of the Beetle Cat.
Carry on!