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I think that the first action is to actually look at a P165 in person. That may be tough depending on where you live. Precision Boat Works was located in Florida and as such the largest availability appears to be in the Southeast US - not to say that the boats can't be found in other locations...

This is a really old thread but I feel a need to respond. I'm new to sailing - 3 years experience. I learned to sail piloting an MC16 - fast, stable and forgiving boat but not immune to capsize and 90% of those result in turtling. I've owned Laser Bahia which had less stability but never...