I picked up a Standard HX850S and its a great radio. Lots of power (6w) and waterproof. Its a bit bulky but I like it because it also has GPS and DSC functions. I figured if I was getting a radio for extended sailing or distance racing, it was probably a good idea to have the DSC. I haven't had to use it but I am glad it is there. I just put the lanyard around my neck and stuff it inside my rash guard and it stays put and out of the way.

SH makes the 851 model (http://www.westmarine.com/webapp/wc...&subdeptNum=10251&classNum=10253) which has waypoint functions as well so you have VHF and a minimal function GPS.