I own a Yamaha 33, circa 1978. "Silver Cloud". I sail this boat out of Adelaide, South Australia. This yacht completed a Sydney-Hobart race in 1978 and was successfully raced for some years until IOR design yachts became uncompetitive in club races. There are a few Yamaha 33s and 26's in Australia but they are little known about down here and only a few were imported due mainly to their high price in the late 1970s.I still use the yacht for short handed racing (two crew). It is mainly a family cruiser though and fitted with additional water tanks and refrigerator (12/250 volt) It still sails very nicely upwind and is quite competitive with some modern designed craft on this point of sail but suffers like all IOR designs when sailing downwind in over 20 knots of wind. Death rolls are qute common under her big spinnakers but she gets out of them after sulking a little bit (make sure the vang is easy to get off. Rig has been replaced with a stronger section, double spreader mast. Hydraulic backstay, baby stay, furling headsail (150%), a bit more roach on the fully batterned main. We sail regularly in +25 knot winds with a short, steep chop so a strong rig is essential.Replaced the original Yanmar power plant with a Volvo-Penta 18hp with single 1" prop shaft with 16" feathering propeller. Supported by 2 stainless steel bearings and the skeg bearing and the cutlass bearing. Cruises at about 6.5 knots at 2800 RPM. Motor still mounted under forward quarter berth. This is a talking point among Yammy owners but in my opinion it doesn't detract from the boat's balance one bit, in fact these old 3/4 ton IOR boats seem to go better with a head down attitude.I have rebuilt and reinforced the stub keel after slight delamination in this area due to the rough conditions this boat has encountered over the past 25 years or so. The boat is very nice to sail in 12-15 knots of wind but you need to reduce sail above this or else the weather helm can become a bit uncomfortable. It likes to stand up straight. If the gunwhales are under water she is going sideways so about 15 degrees is the maximum heel you want - achieved by cramming crew on the windward rail or shortening sail or splitting shifts.Running dead square under spinnaker, the boat behaves a lot better than most of this period and is quite competitive with other 3/4 tonners. The cockpit layout is excellent even by modern day standards. The primary and spinnaker winches are very strong and within reach of the helmsman (tiller steering) so it is an ideal yacht for short handed sailing. The cockpit is very roomy when compared with other boats of the time.This is still a very pretty and capable boat and with retro designs being in fashion does not look as old as she really is. A pity about the brown gel coat on the coach house but painting that is a small job.