My expirience with the jib traveler/cleat combo is that the later design with the cleat mounted on the tramp frame and the traveler moving separate (similar to the main traveler and cleat)is a better design. It may take several attempts to uncleat the jib, particularly if the is load on the jib sheet. If the traveler is moved outboard and the jib is hauled in, the cleat can rotate toward the tramp and make it hard to snap the sheet and uncleat it. This was normal for the '78 I had. I have sailed other 16s with the newer desgin and liked that much better. I only point this out b/c if I was starting out with a used boat, I would wonder if the traveler/cleat combo was fouled up. All that being said, I still would keep the existing as it is and sail it. There is a lot of other stuff to spend cash on.