Im missing something..
If the event is a F16 class the first finishes is the winner. Be it Taipan, Viper, Blade or my bodgy job. So I don't see why a handicap is being used.

If the event is a open race with various classes racing for the one cup. Then the Viper can sail as a F16 in which case its 103 or as a non-F16 and in its own class. It will thus be labeled as Viper the sleepy Taipan!! <img src="http://www.catsailor.com/forums/images/graemlins/grin.gif" alt="" />

As for the last question.. Have no idea as the boat isn't a F16 in either configurations