Maybe this will stir things up, and I am sure it has been conquered before BUT why didn't the HT take off?
Why did it not take off in the US?
Hobie and Nacra went after F18 instead - so no big established brand and dealer network
Cat rig is less flexible than a sloop rig (think distance racing)
Hull shape and rear beam freeboard make the boat less forgiving and enjoyable in rough stuff than the F18 and N20 designs
Boat becomes a handful in big wind vs F18/N20 (tall stick, big sail, narrow beam, limited forward hull volume) - making it less attractive to ocean distance racers.
As already mentioned, great boats on a lake in the right wind conditions.