Our boat is currently in the Moorings program. Given the right circumstances, we would do it again. In our case though, we are planning on taking possession of our boat when it reaches the end of its contract
. We then plan to do some cruising.
I think they keys to making the program work are really dependent on how you plan to use it and what you plan to do at the end. Most Cat's require a decent down payment, so it pays to look at the math of that down payment vs. simply paying for the charters. I also think its good to plan on breaking even at the end of the contract
at best - anything better would be a bonus. So I think it pays to do it if A) You use a LOT of time B) You take advantage of short notice and upgrade to more expensive boats (we've done a lot of this so far) and C) You plan on keeping the boat at the end of the contract.
Doesn't necessarily have to be all 3 of the above, but could be a combination. Bottom line is that owning a boat in charter is not a cheaper way to go sailing a couple times a year.
Have any specific questions or anything, feel free to send me a PM.