My best mate's cousin is 'rebuilding and restoring' a wooden sailing boat that's over a century old. A very large perentage of it has been replaced with new parts.
As to whether it's the same ship - It has been used, abused and neglected over many decades. Most ship parts were designed to be replaced when they wore out, but the neglect means these ones weren't, so arguably he's just doing 113 years of routine maintenance all at once...
All down to personal feelings, really.