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Will,

I really don't think you can go wrong with either boat. In my opinion, I think the Nacra is slightly beefier and I do prefer the feel of the helm of the Nacras (very nuetral...i.e. doesn't tug at you...and responsive). The H16 certainly has the popularity and you will probably find parts and information easier to come by for the H16 although all the factory parts for the 5.0 are still available from Performance Catamarans.

With regard to flying a hull - they both will fly 'em high easily. The H16 has a little more of a reputation for punishing those that fly the hulls and have their crew weight too far forward. If the bow goes under a wave, the shape of the top of the deck tends to trip the boat on it's nose. Usually you will loose your footing in the deceleration and you'll capsize. All catamarans, including the 5.0 up to the 130' monster G-class cats, are capable of such a pitch-pole but some are more susceptible than others.

PS...I get lost when you guys say the bannana hulls are 'aesthetically pleasing' - really now. <img src="http://www.catsailor.com/forums/images/graemlins/grin.gif" alt="" />
Jake has pretty much said it all, and I say this as one who LOVES Hobies! I've never had a Nacra, but have sailed on some, and think they are great boats. The one thing I would've thought the Hobie would be better for is surfing, but not having tried it on a Nacra...? Let us know what you get.