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While I do not have much experiance with the 540, I have sailed a 665. (22')
It is one of the funnest boats I have ever sailed (with the exception of a soling) It performed well in light and heavy air, pointed well, and was an all around great boat. Had it doing 6.4 knots in heavy air with 1 reef in the main, and a partially roller reefed genoa. Down below was roomier then many other 22's with a somewhat strange layout but still very functional. Its not a high end race boat like a J24 but it certanly is a great, stable cruising boat.
Im sure your 540 is similar.
Oh, and for sails: the owner had doyle sails and, at the time had recently had his original (1980) mainsail tightened.
Last edited by AdamHowie; 04-06-2011 at 11:16 AM.