Carl,
I support the race and the formula. However, I do not think it is wise to bring both forward exclusively in the same event.
It would be best to limit the race to spinnaker/hooter equipt boats over a certain D-pn. After that score the boats by class/formula and overall. There are several programs that do this automatically.
What we want is the largest attendance to the race for sponsors and then for the organizers everyone finishing each leg somewhere in the same time frame.
As you know from the Worrell this is an important issue.
Steve