This is how my '76 turned-out. I used West Marine Seagloss Single-part Polyurethane Topside Paint. Here's the Hobie forum link for the whole article:
http://www.hobiecat.com/community/viewtopic.php?t=5108&highlight=project

[Linked Image]

Show us a pic when you're done!

Eric Abbott
Former Hobie 16 owner
Seattle, Washington, USA