I think it is neither of all. The genaker is calculated via it's own formula which can be found on the Texel site and F18 / iF20/ F16 HP rules. This measurement is NOT equal to actual area, but a rough approximation of it.
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<br>I don't have the formula with me now. Maybe Carl can copy paste it from the F16 rules.
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<br>Wouter<br><br>

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Wouter Hijink
Formula 16 NED 243 (one-off; homebuild)
The Netherlands