Adrian, I have been watching this, I have some experience to share. I had a Buc 24 with a tall rig that I still help maintain, I currently have a modified Dragonfly 800 with fixed beams and I am just finishing a refinishing project on my Buc 33. I have "improved" the beam on my Fly from 19'6" to 21' and I use dyneema waterstays with a better attachment system at the beams. I have raced it pretty hard for the last three years and I really like the extended beam and the dyneema stays. My stock alloy beams had some salt water damage where the waterstays attached so I cut them in half, turned them around and extended them about 18" with an old Hobie cat mast section in the middle that fit well inside them. I am very pleased with the result, I do get some creaking but every thing has held up well and the boat is fast and more forgiving with the extra beam.
I wish I had extended the beam on my 33 to 26' or even 27', much closer to modern tri's ratios. Before you finalize your design, take a look at modern tri's, Bucs were designed a long time ago!
On another note, I did a lot of research several years ago trying to design a folding system for my 33. I decided not to rebuild it that way but I did get some good feedback on this forum. Look at my threads on the Buc 33 rebuild and some on the Buc 24 thread also. I will try to post some more soon.
Bruce