These two positions are often referred to as objectivism and subjectivism. Objectivism is the traditional view, while subjectivism developed more recently in western philosophy. Objectivists hold that beauty is a mind-independent feature of things. On this account, the beauty of a landscape is independent of who perceives it or whether it is perceived at all.
The sail area was such that most of the time even when racing it was only at 95{ff4b06d9eaa370c601c234d5327d968edf08adb601d04d46aa1c0deed080ed4f} of its performance and safety limits, so it did have a slight degree of slack to meet an emergency, that inevitably happens at sea. The other style is that of the modern extreme racing machine. It is absolutely stripped out, bunks for only half the crew, on a Cox and Box principle, no doors for privacy and the crew living in their oilskins.