In the tried and true tradition of project creep....Thanks for the replies, I didn't consider the unsupported load. I will place it about 8-12 inches above the fore stay. The masthound pictured on the right is the same one I was thinking of. This will be a winter project. Need to have the yard lower my mast. I'm not courageous enough to scale the mast.
While the mast is down it is time to do a thorough inspection of the rigging and replace anything that needs replacing. Also check mast wiring, masthead sheaves, and all the bits and pieces to the fittings. All things easy to do while working on a horizontal mast 3 feet off the ground.