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If 115-120 was the data suplied to you ,it is almost average for a medium-light displacement mass-production coastal cruiser/racer , which have mostly about 120-125 . Ofshore designed sailboat has mostly 130-140 degrees ,but a lot of production boats with around 120 ,if strong , good condition and adequently mentained ,did and do ofshore sailing (while carefully planning for the weather , a thing one cannot really do for ocean crossing.. ).My friend did the ARC (Atlantic crossing and back) 10 years ago in a production second hand Moody 31 foot..) However , be aware that added-on in-mast furling , radar dome on mast ,on deck liferaft and fuel-water jerrycans , etc.,things added above cabin-floor level, and especially on deck and higher , have a big effect on lowering this 'point of no return'.Studies have shown that such add-on's on everage size modern cruiser racer ,can lower it from 120 to as low as 95-100 , which is about the point when the tip of your mast will touch the water.!!