The Wave is underpowered for good reason... to make it easier to sail. It also tacks easier that most other cats out there. The 14 is a bit difficult to tack.

The 14 has very small hulls and can not carry much weight.

Yep... the 16 is a Hoot!

If I had a choice between these boats, it would depend on the wind speed, crew available and water conditions.

Single handed? Hobie 16 in light to moderate winds and protected waters (help to right the boat if I go over).

Windier... maybe the 14 for s short time, but when it gets to 15-20 and more... the Hobie Wave is a real blast and so easy to right.