My wife and I took ours out for the first time on Sunday. No leaks, engine purrs and she sails nice in light air. I guess we will go ahead and replace all the sheets and lines and keep "Cheap Thrills" for a while.
One year later..... I too just purchased an American 16, also a 1973.
What condition was yours in and was it all there? Mine needs a new tackle mount for the top of the centerboard. Otherwise not in terrible condition for a 40 year old vessel.
Picked up a 1973 American 16 yesterday. It's all there and has a good trailer. Wood on top of the centerboard trunk is bad. Otherwise seems fit.
Looking forward to getting her in the lake. I have sailed but not much.