Special thanks to Bill (btrayfors) this was a primer on SSB on Island Packets. This is really appreciated and comes very handy during this economic times. I assume, I don't need the ground (rub rail) for receiving just the hoisted wire antenna ... This will be my way to go. Thanks again!
Correct, you don't need the rub rail for receiving.
While the Yachtboy could conceivably do the job for you, I've found that any transceiver built in the past 20 years or so has a much better receiver and is far easier to use.
If you do decide to go the used transceiver route, let me know (PM me) and I may be able to help.