No Mitch that is wrong. Have a look at the VYC handicap document. It's really not that hard

"Sloop rigged cat sailed 1 up" has a -4.5% adjustment to the yardstick.

And as for the "pretty favorable" yardstick, would you please show us some figures, some results, or some facts of any kind to support this or for chrissakes just shut-up!