Somebody needs to provide an unbiased counter-point here, and while I can't claim to come to this discussion completely free of bias, I suppose that I need to weigh in here just to throw in a completely different perspective to balance the discussion.
To begin with, MikeinLA does not say that he is looking for an offshore, long distance cruising boat. As I read this he is simply looking for a high quaility cruising boat that will stand up well and be very durable. It sounds like he single-hands a lot and that he will be sailing the U.S. Pacific coast.
In an absolute sense, while they sail better than many small purpose built, long distance offshore cruisers, they are still a huge compromise in terms of sailing ability and ease of handling over a well designed, well constructed, modern coastal cruiser, and frankly the PS 34's and 37's (which I know better than the 31) have what I consider a miserable motion in coastal chop, pitching and rolling far more that I would consider ideal.
If Mike is going to be based in LA, he will need a boat with exceptional light to moderate air capabilities, and if he plans to sail north along the Pacific Coast, he will need a boat that will excell in heavy air and with the ability to make fast passage times.
He does not need the huge storage capacities of a circumnavigator and he does not need the weight penalty, or compromise the loss of sailing ability or loss of comfort that comes with long distance cruising capabilities.
Whatever the pitfalls of boats like the Catalina's Mike has known, they actually sail reasonably well across a pretty wide range of windspeeds. I fear that if Mike is looking for a "Forever boat", then I think that he would pretty quickly be disallusioned by the lack of sailing ability of the PS's relative to the boats that he has known.
I would think that he would be better served with a high quality modern coastal cruiser, perhaps something like a Dehler36, Farr 1020 or perhaps J-34c/35c.
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Curmudgeon at Large- and rhinestone in the rough, sailing my Farr 11.6 on the Chesapeake Bay and part-time purveyor of marine supplies