The 367 you do have the potential to race 1d at races like the NOODs, where as the 110 there are not enough boats local to do so. If you want a potential 1d race, get a 115, there are enough of those.
There is no OD racing on the bay for the 115. I raced on one all last year, not enough boats. Those that have them, don't race too often.
The 367 is a dieing class for OD racing. This past year was evidence of that. OD racing on the Ches bay is growing thin, and its certainly the case for large boats.