Structurally, there should not be any difference.
Aesthetically, quite a bit of difference.
If a female mold, it is usually polished and the 'plug', which is the hull, has the outer surface smooth as glass.
A male mold is where you lay the fiberglass up on top of it and will give a rough surface. When finished, it will have to have tons of sanding done to it before it can be painted
Normally, in most operations, the female mold is waxed and polished with a 'non-stick' wax called 'mold release'. Nothing will stick to it. The first step is to spray the gelcoat on the mold then spray a thin layer of chopped stranded mat fiberglass to it. Then they follow that with a hand layup of fiberglass to the desired thickness. When they pull the hull out, the finish is already shiney and very little touch-up id required.
Interesting concept when you think about it. The project starts with a paint job and then you stick the boat to the paint.
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