There was some study recently that indicated that most lightning strikes exit the boat at the water line. The theory being that the cloud has one charge and induces an opposite charge beneath it on the SURFACE of the water. The depth of this charged up water layer is on the order of fractions of an inch.
SOOOOO if you try to get the lightning to go down the mast and exit through the keel you are actually trying to drive the electrical current past the charged up layer. Lightning apparently does not like to do that much and turns a corner to get to the water SURFACE. Land based lightning protection ALWAYS routs the current OUTSIDE the living spaces. Current thinking is that boats should adopt this concept too.
Attaching a wire to the shrouds/stays and having some sort of "terminal" at the water line would satisfy this. I personally just have a wire over the toe rail from each shroud leading down to the water.
FWIW
On the same night our boat was hit a little Call 22 was also hit. According to the yard and surveyor the boat had no down conductor between the mast and the keel and no lightning system to speak of. It blew holes in the hull where the VHF cable had been run back to the radio where it was resting / laying on the hull behind the settee. It had no other "exit" point and the combination of a damp bilge and VHF wire resting on it likely gave it the path of least resistance.
Our boat, struck during the same storm, had zero hull damage and uses the keel as the main down conductor lightning ground along with secondary conductors. Everything on-board was fried but she did not sink like the little Cal.. The lightning grounds also pick up chain plates, engine and other metal fittings as secondary conductors. We have plenty of wires in the boat near the waterline that the strike could have used to blow holes in the hull but I surmise the more direct path to the keel, with less resistance, took the brunt of it.
When this strike happened there were over 1100 sailboats moored in Falmouth Foreside.
(Image Courtesy SkyPic.com)
The two
The two boats hit that night could not have been more different. The Cal had one of the shortest masts and according to the surveyor, no lightning system what so ever. It had holes blown in the hull from the VHF cable. So there goes the
"taller masts will get hit first" urban myth. Perhaps 97% of the boats in Falmouth have a taller mast than a Cal 22.... It still got blasted... It also blew the myth of
"don't provide a path to ground and you won't get hit".. This boat had no
low resistance path to ground from the mast to the keel or a lightning plate. It still got blasted....
Our boat has a medium sized mast for the anchorage and is wired to ABYC standards with regards to lightning. She had ZERO hull damage, but still got hit. A few years ago I was feeling pretty smug when the boat directly behind us, about 20 yards away, got hit. He had just spent nearly 4k on the "latest and greatest" lightning system including a brand new fuzzy dissipator/lightning attractor.... His boat was hit no less than 3 weeks after spending 4k on this "latest & greatest" lightning system. His boat also did not sink or have holes blown in it, so maybe it worked, but his entire boats electronic systems were toast.
The Cal:
I've come to realize that if lightning wants your boat, it will get it, and there's not a darn thing you can do. Other than to try and minimize hull damage and minimize the potential for side flashes if you get hit your gear is likely toast or will be shortly there after..
If you do get hit get your OWN surveyor and be sure to write up EVERYTHING electronic on-board. We had a couple of items still "operable" after the strike and they died within a month or two. Lucky we had a good surveyor who wrote it up for 100% replacement of all electronic devices.
Just be glad your boat does not have a carbon fiber spar. My friend Kim & her husband were hit to the tune of nearly 6 figures because a carbon spar hit by lightning is quite often a total loss..... Their boat had $65,000 carbon rig as well as sails that had holes burned in them.......