Hi, I am the brand new owner of a Wave. My previous Hobies were a 14 and a 16, so I am familiar with set up of both. The mast has a comptip and is similar to an H14, but even easier. Since I have young children that cannot help me set up a boat that was also a concern of mine.
Let me tell you, the Wave is easier to set up than my 13 ft mono hull. Even though the Wave is fairly easy to completely disassemble, I do not because I have a trailer. Once I get to the water, if I hurried I could be sailing away in about 15 min. I am sure. I have just taken my new Wave out once, but the first time I had a ~25 min. set up just to make sure all was correct.
I suggest you take a test ride on a Wave from a local dealer. My dealer charged me $45 to take out the Wave and the Getaway, then subed the rental from the price of the boat. After one test ride I was sold.
gus