Difference is what happens if you get dismasted
With a deck-stepped mast, most likely you will loose the entire mast - and it will be relatively easy to cut free by cutting shrouds/stays. This will leave you with no mast.With keep stepped, you will probably break the mast at the spreader. This will leave a stump that you can jury rig, but it will be tough to get rid of the broken portion of the mast. While you are doing this, it may seriously damage the boat.Different designers have differing ideas on what is best. Pacific Seacraft builds deck-stepped masts, for example, so it isn't a case of coastal vs. off-shore boats.