a moisture meter reads electrical resistance. Take a number 2 lead pencil and draw a heavy line on a piece of paper, then place the probes on the line and tell me how much moisture it is reading. Bottom paint is laden with copper, an excellent conductor. Salt residue combined with humidity will give a reading on a moisture meter, even on the skin of fiberglass, paint, or plastic. It is nothing more than a vert sensitive ohm meter, set up for the general resistance found in most common wood. Even a different species will throw off the accuracy. It is Voo Doo, and is just a way to legally rip off amateur wood workers, and now it is finding its' way into being mis-used in other areas.
Water in deck coring is not even a problem generally, wood rot is the enemy. Water in cores used for hull sides and God forbid below the water line, is a problem because of the hydraulic hammer effect that will cause delamination. Rot would be the secondary problem.
Do some research and become knowledgeable on this before you buy a boat. There are plenty of self annointed experts that will tell you what they know, most of which is not based upon sound science or physics. The meter is a prop to make them appear knowledgeable.
The hammer test will tell you the current condition of the hull and decking.
Go to this link for a reality check on the real methods of checking a hull.
www.flirthermography.com/media/2005-001 Allinson.pdf
In this test using a capacitance moisture meter and a resistance moisture probe, the surveyor shows how the meter goes off scale when testing the balsa core using the resistance probes, well, this is no surprise since salt water conductivity will do that to a highly sensitive scaled meter. The surveyor is ignorant of how the meter is affected by the salt water intrusion. The use of thermography is a novel approach to quantifying a problem. This all boils down to how much money do you want to spend to detect the obvious? This is a Sea Ray with a cored hull.
Solid fiberglass devoid of air pockets cannot absorb a detectable amount of moisture that can be measured short of using extremely expensive testing methods and equipment.
The major issue is detecting existing delamination. Cored hulls require detecting of water intrusion that leads to early hull failure. Cored hulls are a different story.