E36RH Keel Bolt/Bilge Cracks
Hi Tom,
Welcome to the site! Congrats on your E36RH purchase. I assume you bought E36RH hull #12.
To answer your question, the hull shell is laid up and the TAFG (grid of upside down "U" shaped stringers) is glassed into it. In the bilge area where the keel bolts come through, you are dealing with a solid, 2-4 inch thick fiberglass keel "stub" which forms the top ~ 6 inches (from the outside) of the keel (it's root) and is part of the hull shell. There is no bilge "pan" under the keel bolt nuts, that is the (very thick) bottom of the boat.
To get water leaking into the bilge via the keel bolts, it would have to get past the horizontal sealed gap between the bottom of the stub and the top of the (lead) keel, into the sealed keel bolt hole in the stub and up into the bilge from under the nuts and washers. Resealing this path was the reason the keel was dropped and rebedded, either to stop existing leaking or as preventative maintenance for a 30 yr old boat. I would not be worried about the small gelcoat cracks leaking, all the sealing is done below the washers and nuts. My only (very small) concern would be the cracks expanding from the existing cracks. I would just mark the cracks and monitor them for any expansion or change. My guess is the stub and keel bolts are way over engineering for the loads they see. That said you have to be comfortable about the safety of your boat. Thinking about the keel falling off can give anybody a creepy bad feeling!
If you Google "TAFG site:ericsonyachts.org" using the "Images" tab in Google you will get five pages of pictures of the grid in various Ericsons and a couple of dropped keels showing how long the bolts are going through the "stub".
Mark