Let's back up. Are you trying to eliminate a VHF antenna? Or wondering about eliminating the anchor light at the top of the mast? What is the goal?
If you never anchor overnight you do not need an anchor light at the masthead. Even if you do anchor overnight there are ways to show a proper anchor light that don't require a light at the masthead.
A fixed mount VHF radio will work best, i.e., have the greatest range with an antenna at the mast head. It must use coax cable. See the image below. There are different types of coax suitable for different applications.
If your goal is to sail faster, reducing masthead weight is pretty low on the list of things to do. Removing an anchor light or antenna will take a pound or less from the top of the mast. A clean smooth bottom, good sails, less stuff in the boat will make a much bigger difference in performance. And the biggest difference between fast and slow boats in a race are the result of human factors, i.e., skill.