The Mac26 is a fractional rig. The ODay 27 is a mast head rig. The difference in forestay length is about 12-14 feet.
The MacGregor 26s spinnaker will be about 12-14 feet shorter on the luff/leach than would be ideal for the ODay 27. It’s going to be a lot smaller area than it should be. It will have a far from ideal shape, might be unstable when flying, and might be touchy to trim.
And since the ODay weighs about twice as much at the Mac 26s, the spinnaker will be really underpowered for the ODAy
Of course you can do it, but it might be a bit frustrating. Underpowered and an unstable shape is a bad combo. Spinnakers are for going fast in light wind. This one won’t do that on the ODay.
Personally, if it were mine, I’d sell it and put the money towards one that is powerful enough to use in a couple of knots of wind, and that’s going to be easier to trim and fun to fly.
Judy B
Retired sailmaker