Nordics are well known for quality North American built boats.. I'd imagine the 34 would be no different,though as you noted they produced more 40s and 44s. I was unaware of the Islander connections but will take Cool's word for that..
I'm thinking it would be a pretty nice boat.
1984 Fast/Nicholson 345 "FastForward"
".. there is much you could do at sea with common sense.. and very little you could do without it.."
Capt G E Ericson (from "The Cruel Sea" by Nicholas Monsarrat)