Just Replaced Mine
Replaced my wire halyards on my C28 last summer. Took the mast down and looked at the sheaves in the masthead, and found that the thread on the sheaves was too narrow for 5/16" line.
I solicited some help from the local rigging shop, and had two new sheaves machined. It was actually not horribly expensive, maybe about $45/sheave.
NOTE: There is a aluminum "sheave separator" that sits between the two sheaves in the masthead; it is about 1/2" thick, and I had to have a thinner separator made (also not too pricey), but you could even come up with some simple solution yourself.
All in all, I've been super pleased with the change. The lines are so much nicer to handle than wire, and they don't bang against the mast and make quite as much noise as much as the wire. Further, they look better too.