Someone said that VMG on a GPS doesn't take into account many factors...
Oy! Okay, here is are a couple of sketches that I hope will help with one of the places where GPS and instrument VMG differ. They may be hard to see as I have a slow link to the net and need to keep them as tiny as possible. If they're too small I can fiddle with them... Anyway, the set-up is this:
You are at waypoint 1 going to waypoint 2 which is 1 mile upwind upwind. You are traveling at 1 knot and your course is 45 degrees off the true wind (including leeway).
At way point 1 you read your VMG to waypoint 2 off your GPS. Since the distance is short we can assume the Earth is flat and that VMG = cos(45) * your speed or .707 * 1 or .707.
At point 2 (second sketch) your course and velocity and wind angle are the same and you read your VMG off the GPS. But your course to way point 2 has changed to 77.2 degrees. Your GPS shows that VMG = cos(77.2) * your speed or .222 * 1 or .222.
At point 2 your VMG with respect to the wind will still be .707...
Notce that at point 2 you have not yet reached the layline (the line at which you can make it to the mark on one tack). It is evident that you must reach a layline to reach waypoint 2. Your VMG to each layline is the same as your VMG with respect to the wind. If a tack costs nothing then you can tack as often or as little as you want within the two laylines without affecting the time it takes you to get to waypoint 2. In effect, your veloctiy made good to the top mark is the same as your VMG upwind anywhere inside the laylines. But, that isn't what your GPS will report.
A point that I think worth keeping in mind is that you will be ill served by attempting to maximize your GPS VMG to a waypoint if you will need to tack or jibe to reach that waypoint particularly if you are close to the waypoint or a layline. If you are sailing to someplace that you don't need to tack/jibe to then your boat speed and course as reported by your sailing instruments, because they report speed and course without accounting for any movement of the water, may be misleading and the GPS that reports speed and course with respect to the Earth more useful. In short, both sets of information are useful in some contexts but they are different and not interchangeable.
--Tom.