Your questions will be best answered by researching and reading in the forum, looking at other people projects and seeing how they do them. When you
see how it's done it becomes a lot clearer than having someone explain it to you verbally... but I'll try to explain and then give you the links to some threads you should look at.
A. No you don't need to remove the whole cap,
B.Cutting the transom and splashwell out will be your best bet... and this is where looking at other people threads will help. You get to see where and how they cut and everything will start making more sense.
C. You'll be able to walk inside the boat on the hull.
D. You don't have to cut and gut everything all at one time, but most people do. You'll redo the transom first and this will add back a lot of strength. Then the stringers, and then the deck on top of that.
You can leave your boat on the trailer and you'll need to add extra support to the hull by bracing it up underneath the boat on the outside with some lumber... again, you'll see how this is done when you look at the other restorations.
E. Look and sample inside under the hull anywhere you can, you won't have to look far to find the rot in that boat. I suggest cutting your decking out 2 or 3' in front of your transom and removing the decking back to the transom, this should tell you everything you need to know about the condition of your boat and will more than likely be the most rotten spot on your boat.
Here's a good thread to start with, it has all of the chatter cut out of it and just deals with the facts:
http://forums.iboats.com/forum/boat...nature-deck-and-stringer-restoration?t=510077
You can see how Frisco doesn't remove the cap and just cuts away the parts of the boat he needs to get the work in.
Here's a bigger boat, and even though it isn't on a trailer the outside support on the bottom of the hull is basically the same as what you'll want to do to the parts of your boat that aren't supported by the trailer. This guy also cuts his boat up pretty good so you can see how the cutting and putting back together goes:
http://forums.iboats.com/forum/boat...l-repair/595281-finnish-fishing-boat-overhaul
Here's another good one, this old fart and his son are making some good progress on this boat when they aren't goofing off in one of their other boats:
http://forums.iboats.com/forum/boat...0-1981-bayliner-victoria-2750-restore-or-bust
There are lots more threads to look at too, and just because they may not be the same exact type of boat as yours doesn't mean you can't learn something from watching what other folks are doing to their boat that's different from yours.
Reading studying the forum before you start your project will help you know what to do before you have to do it.