Slightly after the 1970's fuel crisis Lancer came out with a line of power sailors. This is one of them. They were strange boats all around. They offered power boat hulls, small sailing rigs, a mix of creative design features and mediocre build quality. They were sort of aimed at the "motor yacht" fad of the early 1980's which was displacement, lower fuel consumption power boats, with lots of room on board, mixed with a sailing rig to keep percieved fuel costs down in the wake of the fuel crisis of the 1970's. They had too much wetted surface, too much form stability, and not enough sail area or ballast stability to be good sailboats.
One thing that would I would be very concerned about is the Volvo saildrive of this era. At least on the models that I have encountered Volvo saildrives had internal water passages and these tended to result in premature corrosion failures.
While these would never be my taste in boats, I am sure that there is still a niche for boats like these as live aboards and occasional sailing or motorsailing.
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Curmudgeon at Large- and rhinestone in the rough, sailing my Farr 11.6 on the Chesapeake Bay