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Remove the old mast jack system and use a proper tight
fitting mast heel and rack for fore and aft adjustment.
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Ensure the mast is a tight, but sliding fit in the
mast gate (no sideways movement).
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Rigid but adjustable spreaders to control mast
stiffness depending on wind strength/crew weight.
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Improved hull bouyancy to reduce amount of water in
hull after a capsize. The original levels destroy any chances of
staying in the race.
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Balanced rudder design with vertical, elliptical blade
for full control. The original rudder tip stalls at speed and creates
too much weather helm. If you think the Pegasus is hard to control
off wind in a blow remember that after boat balance, blade stall is
the quickest cause of a very quick wipe-out.
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Update your thinking on sail and mast conrtol systems
and the current sail plan make things so much better and controllable.