Well Jack, glad you managed to get in a test sail - I trust you were suitably impressed? 
There is no real performance difference between old/new Stealth F16s. The current Nat Champ (me ) sails a 4 yr old 'old' model Stealth. The hulls are essentially identical in shape apart from some cosmetic changes and a reshaped bow due to the old moulds being damaged.
The sails have evolved though and the newer sails with the squarer top main are proving more versatile than the older smaller square tops. This is particularly noticeable in the really light stuff. However, this small advantage is quickly cancelled out by a duff tack or and older boat being sailed better!!!
The most major change I guess is the new rudders. They are much smaller on the new boat but more efficient. So you have less drag for equal performance. This should make the newer boats marginally faster, but again you can cancel this out if you use your steering too much! In any case, you can always put the new rudders onto an older boat! (Just as you could buy a new large squre top main)
Bear in mind that this is a development class which means constant innovation and changes WITHIN THE RULES. If you look at the rule set you will see that they are structured so that while someone might make gradual improvements over time, it is unlikely that they could gain a major advantage in one massive jump. The aim is to avoid an 'arms race' but still encourage tinkering and new ideas and solutions.
If you look at a collection of Stealths, or for that matter F16s, you'll see that different rigging, fittings, systems are used by the owners. It's a matter of personal preference. Yet the boats have been shown to be within single percentage figures in performance of each other. We have had some very close racing. At last years Nationals any one of 3 boats (two sloops and one unarig) could have won overall going into the last race after two days of racing.......
It's the fact that the F16s provide GENUINE equal racing one up or two up that attracted me to the class and I haven't regretted the decision at all. Someone else on this forum said that an F16 was the cat equivalent of a Cherub and I have to agree. It's fast, it's light, it's fun - and you can set it up the way you want without someone telling you that you can't use Ronstan or Harken or RWO or whatever for a particular fitting because the manufacturer says it isn't class legal .
So don't get bogged down in the detail of "should I buy a new Stealth/Blade/Taipan F16 or an older F16?". They really are all very similar in performance until you find yourself regularly near the front of the fleet. THEN - when you perhaps are losing places or races purely because of the boat - despite you racing like some sailing God - that's when to start thinking about improving your existing boat/getting a new one!
Happy boat hunting!
------------- Far too old to still be doing this......
Stealth F16s "White Rhino" GBR527 & "Yeah Baby" GBR538
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