I've owned my E-40 for over 20 years. Wife and I went to
Carribean on it for 1 1/2 years, all the way to
Grenada and back. We're going back in a couple of years, probably to the Western Carib. The boat performed impecably and was extremly comfortable. Re an E-38, I was on one once. To me it appeared to be a shortened version of the E-40. I'm not a
center cockpit configuration works well on a boat less than about 40 feet. For my
money, I'd look at the E-40. There's a lot more living space, there were a whole lot more built than the 38's-thus a better selection- and many of them are priced relatively cheaply, due in part to the fact that they require a lot of maintence-primarily because of the extensive teak-which many owners have neglected. Bottom line-you get a lot of boat for the
money. Furthermore, you're getting a boat abundantly capable of Carribbean/Gulf sailing (wouldn't recommend Cape Horn though-for that get the Tayana 37). Anyway, my 2 cents. Cptn happy