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skyking1231 said..thanks.....
I try to bear off the wind...but by how much are we talking ? 135deg(approx) off the wind? and just for comparison.... let's say you are sailing 90 deg beam reach to the wind and doing say 30kts....with all things being equal....when sailing off the wind...how much faster would you get ? is it a 20%..30% increase. just trying to get an idea as to how important downwind is ? (I know it is...just trying get some kind of reference)
oh..btw... I am definitely enjoying the journey

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Bearing off at the right time is one of the key things to learn to help to finally crack 40 knots, you've got to time starting the bear off just as a gust hits you to maximise the extra power in the sail you'll get from the gust. Sailing off the wind you'll find you need a bigger sail if your 120-130 degrees off the wind than if you were sailing at 90 degrees to the wind as well.
The gear you've got is definitely good enough no need to change that.
I find with mast foot position that once I find the sweet spot for a particular board I'll leave it in that position.
Sometimes sailing in chop can be a reason why you can't achieve the speeds you want, I know after I had a big crash in chop where I injured myself I had a bit of a mental block speed sailing in big chop, not pushing as hard as I used to as this took a long time to get over before I started getting the speeds I used to.
You'll eventually crack 40 knots mate, just keep plugging away and 40 knots will come