Hi Gator Bait, welcome aboard. I have a 84 V20 cuddy cabin with a 150 Yamaha OB. My V had a live bait well between the starboard pedestel helm seat, and the port split seat. I used the well several times and decided that the well was better used for storage of things such as, small anchor and rode, fenders, etc. Anything that didn't mind getting wet. The baitwell drained into the bilge. I found out early on that when using the baitwell for live bait that the well didn't keep the bait alive very long and when I went out in the ocean, it didn't even take snotty weather to have baitwell water sloshed all over the place. I now have a portable livebait well that works like a champ.
One of the problems with my V was a leaky 60 gallon aluminum fuel tank. (alot of V owners have had this problem) On my boat, it is under the floor aft of the baitwell. As a quick remedy for the leaky tank, I installed a Tempo 24 gallon tank in the livebait well. It fit perfectly and I am installing a newly fabricated 60 gallon tank when the weather gets better. That will give me 84 gallons of fuel capacity for offshore trips.
I have had alot of boats, OB, IB, 1 IO (never again) sail, canoes, kayaks, etc. and IMHO the V20 is the best 20' boat for my purposes. It is a great snotty weather boat for it's size. I also like it because it looks like a boat, not like a rocket ship!!
Geek