Good looking canoe, looks like it'll make for a fun project for the two of you.
If the thought of replacing the ribs seems a bit daunting, you may want to think about doing a back-side repair. This will allow you to keep the original rib in place, maintaining visual continuity. This method was used throughout the restoration of my families early 20's St. Louis canoe, under the watchful eye of Dave Osborn. And we have not had any issues with any of the repaired ribs.
As the name implies, this repair is done on the "backside" of the rib, or the side facing the water.
Basically, all you do is cut a small window out of the planking, over the ribs next to the damaged ones, carefully cut out a small pocket/ recess in the rib above and below the crack.
Cut a small piece of hardwood to match the pocket size. Using your favorite epoxy (West System worked well on mine) glue the patch piece in, and clamp it down so that it sits all theway in the pocket.
Once the epoxy is dry in a day or two, using your belt sander, sand the exposed portion of the patch down to match the contour of the rib, and your rib is repaired. Button up the plank with clinching tacks, and you're ready to go.
I hope I load up the right pictures to help illustrate the concept.
Good luck, and have fun!