Is it worth it? On an average used boat and buying the pedestal system new, probably not. Is it cost effective? Nope. Here's how it plays out:
A new pedestal system costs what, $2-3K? Or more? Don't be fooled by the $1K pedestal price, It's for the pedestal only, not the sheaves, quadrant, rudder stop, etc. There's a bunch of other stuff you need to make it work too. In addition to the pedestal system itself you'll also want an engine control head, new longer throttle and shift cables, possible relocation of the engine control panel, compass and binnacle, binnacle guard and so on.
The tiller head should be replaced with a lower profile one from Catalina Direct. It costs around $80 and looks fine. You'll have holes to repair in the fiberglass where the old throttle and shift controls were and the original engine control panel location. As far as finished appearance, don't forget we have a double berth under the cockpit. Unless you add a fiberglass cover underneath the cockpit the steering mechanism will be visible.
And what about an autopilot? Installed you're looking at another 2 grand plus.
I think you're light years ahead if you can find a boat outfitted the way you want rather than "buy and modify." This is similar to wanting a diesel powered boat, buying a gas boat for what seems a good price, then dropping another $8 - 9K on an engine conversion.
I wanted a wheel and bought a tiller boat, so why didn't I follow my own advice? There are a number of reasons:
- I bought my boat for an obscenely low price. Obscenely.
- I have considerable wheel steering system installation experience.
- I bought my complete wheel system, including compass, binnacle guard and instrument pods off a Catalina 30 sunk in hurricane Charley, $400 total.
- I'm a relentless scrounger. I never, ever pay retail for anything.
- Besides boatbuilding experience I'm also a licensed electrician. Relocating the engine control panel was a walk in the park, even made a whole new panel in the process.
- I have considerable fiberglass experience. Repairing the leftover holes was no big deal as well as fabricating a cover for the steering mechanism in the quarterberth overhead.
Imagine paying for all that stuff!! If I couldn't do it all myself I'd have passed on the boat and found one with the equipment I wanted.
So in my bizarre case, was it worth it? Yes. Was it cost effective? Yes, if you don't count sweat equity. Your skill set is really the determinant as to how successful a wheel conversion will be. Paying full freight for the conversion on a used boat is in my opinion a huge mistake.
Hope this helps. My goal is for you to avoid any expensive surprises. Eyes wide open and all that.
Good luck