You ARE navigating whether you use "GPS", sextants, compass/DR, etc. Also, there's no such thing as 'old school vs. new school'. GPS is just another tool. At one time in history, the sextant was 'new school'. Loran was 'new school', etc. GPS is just the latest tool.
Any electronic device - GPS, Loran, chart plotter, wristwatch, etc. - is subject to failure, batteries dying, displays cracking, etc. Chart plotters that have buildable routes, waypoints are very cool and I use them a lot; both 12V and handheld.
I sailed from LA to Hawaii once and guess what? Our main GPS died on day 3; luckily we had a handheld back up (2 actually) and charts and a sextant. Navigating wasn't a problem but if we'd relied on only the ship's GPS we'd have been in big trouble.
Electronic devices can (and do) fail. But, paper charts can 'fail' too.
Let's go back to the 'rules', shall we? You must have updated navigation tools on your boat. Just ask any friendly Coastie while he/she is inspecting your boat.
Is your 'GPS' unit updated with the latest chart release? Latest notices? Can you use your 'GPS' units if the actual system goes down?
I have done some detailed comparison while sailing offshore and - more importantly - into and out of ports and guess what? They don't always match! The official paper charts seem to be more accurate and I have seen things on them that non of my electronics units showed. Scary, huh? They are probably 99% accurate but, at some point you'll be in that 1%.
I use electronic devices most of the time but always have an (updated) paper chart to reference even if I just look at it occasionally. Oh, and if you are required to keep a log that might be inspected, it's much easier to do on paper although you can do it electronically. The RC may not come to your boat to inspect it however.
These are all just tools. YOU are the navigator and should have the best info you can get/afford. When you're lost and near a foggy coastline it really isn't good to wish you'd have spent a few bucks more.
