1968 Pearson Renegade - How well would it fare as a world cruiser?

[asfreeasthewind]

has a Yanmar YSM12 diesel inboard, Tiller, extra sails and a dinghy. plan to refit with some new equipment. I have read a bit about Patrick Childress's singlehanded circumavigation in a Catalina 27 (albeit reinforced). i imagine that a pearson renegade, particularly one with a fresh refit, should be able to make the journey. i admit i have not been able find any information about anyone making any travels of any length in one of these boats and was wondering if they have some inherent weakness that makes them incapable of making such a journey. Also i know a pearson triton would probably be a better choice but i have what i have and am itching to get the ball rolling. that being said i don't actually know how to sail yet, and will be applying for membership at the convair yacht club in san diego ca. i think i might be at least a year off before i can begin a circumnav. Any opinions?