The book I believe is The Strange Last Voyage of Donald Crowhurst. I read it years ago. It's a fascinating study of a man getting in over his head, unable to abandon the race before it even starts, and then slowing going mad. At first he fakes his reports, sailing in circles in the Atlantic, but then his log entries become progressively more delusional rather than simply deceptive as he moves toward some state of godliness. The authors thought he jumped overboard clutching some nav devices, maybe a sextant and/or chronometer. Others might remember better. I seem to recall that Chichester thought something didn't smell right. One of the best sea stories ever written.
C&C 27 Mk 1
Midland Bay Sailing Club
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It is better to be vaguely correct than specifically wrong.