Found out some interesting things when working at a weapons disposal facility doing safety assessments, Lightening doesn't like to make "tight turns" and is highly unpredictable in the paths it takes, even with proper grounding. There is an NFP standard on lightning protection that is specific to buildings but has applications for us. First, although not stated explicity, the jist is that lightning takes the path it wants to take. For instance, with grounding straps and and these are big flat woven copper, not just small wires (and 10 gauge is small in terms of lightening) are run from the lightning rod to the ground along metal beams, the attachment point must be grounded to the beam. That is because even the robust straps cannot carry the current easliy and it will arch to the beam if not grounded. There is a specification for how sharp the bend can be in the ground strap since if you try to "turn" the lightning around too sharp a bend it will simply go off course and arc to the nest best available path. Think of a race car out of control around a 90 degree turn. Of course this is in common language rather than the techincal jargon of the standard. They also discuss in detail the concept of a "cone of protection" that effective lightning protection can provide.
Take aways - I will ground my mast to the keel bolt of my lead keel to do what I can and trust in
@JamesG161 solution list: BUT
1. I really doubt the little 10 gauge wire would conduct a lot of the current with a direct hit to the mast but it may do enough good to keep from blowing a hole in the boat.
2. The wire is insulated, but probably only good to about 600V and may very well arc right through that along the way.
3. There are probably several near sharp bends in that wire in its path from the mast to the keel bolt.
4. Insulate yourself as best you can, don't be hanging on the shrouds, backstay or hugging the mast during a lightning storm. Take advantage what cone of protection you do have. With any reasonable mast height the cone covers the whole boat. Probably why more lighning injuries on power boats - no cone of protection.
5. Make sure you are insured. Replacing electronics, a near certainty with a lightning strike may be expensive depending on your boat's equipment
6. Have a good relationship with your "Maker" - never hurts to be in good graces there.
I had a lightning strike on my boat, BUT I wasn't even in the water. I was sitting in a travel lift awaiting launch the next morning and not "well grounded" to the water or the ground as far as I can determine. There were the nylon slings holding the boat, the huge rubber tires of the travel lift and the keel was resting on wooden blocks (not very good conductance). Go figure. My mast was about 75-80 feet in the air in the lift but there were other trees taller around. Don't know what that tells you about the advantages of being grounded to the water or not but it is what it is.