Hi, Graham.
Here's an opinion for you.
The Caledonian Yawl, being a double ender, ‘ puts the water back together’ so less energy wasted making a wake at low speeds. She won’t plane like the BR20, though, when the wind gets up. The main difference between the boats in the conditions shown is the choice of sail.
The BR 20 is much more efficient into the wind with that higher aspect ratio set-up - but always put your money on a lugger going down wind!
On a dead run the lugger can slacken off the luff downhaul and allow the boom to cross the mast even further than normal. You then effectively have a square rig with much more of the sail doing useful work than a Bermudian can manage. Additionally, if you are on whichever tack has the boom in front of the mast, it can move forward and upward a little. The sail shape produced will actually lift the bows quite markedly in stronger gusts rather than press the bows down as you get with a Bermudian - especially one with a fine entry like the Bay Raider. (Ever noticed how traditional fishing luggers , Herring Busses and even Nelson’s “Victory “ look decidedly chubby in the bows?)
If you want to go fast down wind in a BR20 use a cruising ‘chute. Photo shows Matt Newland in the first BR20 (I believe) at the Semaine du Golfe 2007 showing us how it’s done. Roaring around under full sail in winds that kept most people reefed down. Wiped the floor with the opposition, that day in no mistake!
Have a good look at the sails in the following two clips. Even in fairly light winds the ‘chute gives the BRs a lift.
• Caledonian Yawl by Denman Marine
http://www.youtube.com/watch?v=QrY1CIuVj5A• Swallow Boats at Lake Bala by Matt Newland
http://www.youtube.com/watch?v=tGwDhhMAp-M&feature=relatedBTW: Graham. Dont be in a rush to increase the size of your mizzen! With a following wind all that leverage so far aft can broach you if you’re not careful. Better to furl it away in a blow, especially as the BR 20 loves to surf off a wave. (What’s the speed record so far?)