Looked at a number of Grand Banks recently; ended up buying another brand boat. But all of the GBs we looked at had the original Groco rubber valves that have a tee handle to loosen, tighten (loosen to rotate valve, tighten after opening or closing). Typically, the valves were left in the open position. Tried to close a few, were frozen place. Obsolete, Groco does not offer replacement parts. We also had these valves in our motorsailer. They were open when we bought the boat. We were able to close when we hauled for the winter, but had a h*ll of a time getting them to reopen in the Spring. We opted to replace with bronze ball valves (bronze body, stainless steel balls). The failure mechanism is swelling rubber over time. The cylindrical shaped devices you saw are strainers with valves below (suspect label outlet was the outlet flow direction for strainer, also suspect they were engine and gen set cooling water inlets).
Hopefully not the case for the boat you are looking (and I’m probably going to draw fire from GBs owners), but GBs can be pristine above the cabin sole, but a rusty mess in the engine room. Especially boats advertised as professionally maintained.
Good luck in your search. We have been disappointed in Surveyors. Use of your own eyes and ears and continuing to ask questions are well advised!