Scup, I have spliced the Wind cable, but I did it in the dry bilge below the sole board using a Radio Shack project box and a Euro style terminal strip. No problems. I did tht to have an "inside" disconnect of the wind cable wen I unstep the mast. If you have to do a splice above the deck, then solder the wire ends together, apply liquid tape, follow with some electrical tape, and finally apply a section of heat shrink tubing over the splice area (just remember to slide the heat shrink over one of the cable sections before making the splice). You should not have any problems. Just connect like colors together and connect the shield drain wires together.
Dick, S/V Puffin, 1990 H-33.5