We live/cruise on a 1982 Morgan 416, and we really like the boat. One correction to the previous poster - the 416 does not have the hull/deck joint leaking problem - that dates to earlier versions of the Out Island 41 (412 or 413 maybe?). By the time the 416 was introduced (and also the 415 and maybe the 414) the hull/deck joint had been moved higher up - not on the rubrail. Mine is at the deck level, where the deck is joined to the hull
with hefty thru bolts on 4" centers and with (I believe) 5200. Anyway, I have had some leaks
at fittings coming thru the deck, but not at the joint (I don't think).
The Morgan 41 does not point very close to the wind
- we almost never sail closer than 45 degrees off the wind - but it is a good cruising boat. We are a family
of four and we have room for most essential cruising gear
(including lots of legos). However, although the Morgan has plenty of storage
space, there is not a lot of big, deep locker space for things like spare outboards, fenders, jerry jugs, etc. We end up with too much stuff on deck.
We have sailed pretty far offshore
, on some longer passages (lots of 3 to 6 or 7 day passages), but all Gulf/Atlantic, not Pacific. We have seen plenty of heavy weather
, and even more light weather (I like the latter better). We have a lot of confidence in our boat.
You asked about problems. Check the water tanks
carefully, and look for signs of leaks - especially in the sole beside the port side tank. The polyethelene tanks
, which are encased entirely in a GRP shell, are failing in more than one Morgan, mine and several others I've known included. I just replaced my port tank, and several years ago inserted a (much smaller) bladder into the starboard tank when it failed. I'm not sure if the 416 has many other significant problems that wouldn't be common on any 30 year old production cruiser.
Feel free to PM me for more info.