Well, interesting thoughts gentlemen.... I'm grateful for your input.
In response to Petros: the sails are triple reefed offshore "Lee" sails,...
All of my standing rigging is stout galvanized, and will be reusable after replacing the mast.
Any ideas where to source a used mast?
I am the proud new owner of a fine rugged steel double-ended cutter. It was built for offshore use, and it ain't no dandy....