Just curious as to what your objective was. I have patched small areas, used gel coat, and preserved the original look gloss (pain in the butt). Or sand aggressively, patch weak/damaged areas, epoxy, glass, and then paint the complete bottom. I have done both depending on preference of the boat owner. I used to work in a boat shop as a part time job specializing in repairing fiberglass boats and other items.
I assume this is a boat with out a wood or plywood core.
Matt