I bought my boat after it had sat for 26 years in a garage. All the wiring was poor and the bulbs were corroded. I pulled all my mast wires out and replaced them with Marine tinned wire 9 pairs in one cable. I ran a new anchor lite for the top mast, from this company. Very bright.
http://www.bebi-electronics.com/masina.html
I also put on a new steaming light as well as two spreader lights all of which can be switched to strobe if I really want to make sure that I am seen in the night. I used the white one of these:
http://www.superbrightleds.com/cgi-...ory=TRUCK&Page2Disp=/specs/strb-4w.htm#photos
I also changed the interior cabin lights out most of my lights have a dual switch so I can switch from one bulb to two, On those, I installed one bulb red and the other white. That way we can have interior red light and go on deck and still have night vision. Pretty cool.
I also changed out all my cruising light. Bow, Stern, etc. All told, it was a little over $200. I didn't scrimp on the battery, I got the Best Marine slow discharge battery that I could find. For running these kind of lights, you don't want a starter battery.
Another nice thing that I found out about my boat was that the Honda motor that came with the boat has an internal charger built in and when the wire is hooked up to the battery, it charges the battery as we motor.