Your assumptions about sea skiffs being semi displacement are incorrect. It's a true full plane mode hull form. I used to have a 1960, 28' Chris Craft Sea Skiff, with the origional 185 HP, 283 still in her. She would run in the mid 30's easily. This is well past semi displacement speeds, by any definition. That Chris need to make 14 MPH to be considered in a full plane regime, doing well over double this, well . . . Essentially a sea skiff is a warped bottom or double wedge design if you will.
A 20' - 24' sea skiff design with glued lapstrake construction wouldn't need laminated ribs, just some furniture and maybe a bulkhead or two. The Sea Skiff design is pretty antiquated and there's much better designs that certainly could be made to look like a Sea Skiff (or whatever), just with a more modern approuch to the hull form.
As to what needs to be done to accommodate a new engine in an older design, well nothing really. An LS-1 developing 250 HP will work just as well as a first gen small block, developing the same HP.
Chris Craft, Lyman and the others didn't change their hull forms when moving from flatheads to overhead valve engines. Only the propulsion details changed. They knew what power they needed and installed what was appropriate.
If I was to design and build a new Sea Skiff hull form, it would be a monohedron design, with modest deadrise (10 - 12 degrees) to maintain the chairture of the boat's qualities. This would require a little more power for the same top speed, but the ride would be softer, she'd handle and trim out better. Most of the warped bottom skiffs had 0 to 6 or 7 degrees of deadrise at the transom. This permitted them to get up on plane fast with modest power, but lacked rough water ability and comfort in a chop.