As a Morgan 33 Out Island owner, I believe that you'll be amazed at just how well the Out Island series sails. Prior to my purchasing the 33 everyone, including the owner, said on a good day, with 15 knots of steady wind, on a beam or broad reach, you might get 4 or 5 out of the boat. With a clean bottom, 15 knots, beam or better yet, a broad reach, 7.5 to 8.2 is not out of the question.
Additionally, that full-keeled boat is not tender, doesn't heel very much, has far more living space than boats 4 to 6 feet longer, lots of headroom in the cabin and beneath the boom, and handles like a dream.
If the boat in the photo passes inspection by a certified surveyor, go for it - you will NOT be disappointed!