The Bugel is generally credited as being the first of the modern anchors. Despite its very simple construction it works well. Not as good as the concave derivatives such as MS and Rocna
, but better than a Delta
( which is still a reasonable anchor) and much better than the older generation CQR
It is a standard fit for Amels, which are a popular cruising boat in Europe
so I have dived on the anchors many times. They generally set well.
My faith was somewhat dented almost a year ago when two Amel 55s started dragging next to me. The owners had gone for dinner. I went on board and let out some more scope
and fortunately they both stopped dragging, but it should not of happened.
There are also some very cheap
galvanised knock offs available here. Because of the anchors simple construction the copies seem to work quite well, but check the geometry and balance against the original before you buy.
For a cruiser on a very strict budget
the Bugel copies give the most "bang for the buck" in the anchor world. I would not spend the money
on an original, the similar anchors with a concave fluke provide better holding, particularly in softer substrates where the smaller area and lower resistance of a flat blade does not manage as well against the more modern anchors.
( I think this why the Amels dragged, it was quite soft mud in the anchorage. My own Rocna was buried with the shank about a foot under the mud under engine
power alone, that indictes quite soft substrate. Unfortunately I did not dive on the Bugel anchor, but I saw the Amels anchor and the technique and scope