Hi the 38 ocean and 40 ocean are very similar , only real diff is stern locker volume. My 40 would swallow all I can throw at it and the 38 will hold a couple of small fenders. I'm not sure of the 38 but the 40 sails very well indeed. Sail area is 73.1 LWL 10.95. Yachting monthly feb 2001 tested it, and seemed to approve, my 12+ years ownership would agree Geoff