Larry,
A Solent stay is a relatively new sort of stay, brought on and made possible by headsail roller furling. A "normal" inner-forestay is parallel to the headstay and is set back from the stay far enough to allow tacking a headsail over and in front of the forestay. An inner forestay generally mounts low enough on the mast to require running backstays, plus it mounts far enough back on the foredeck to require some extra deck strengthening, such as with a bulkhead.
On the Morgan 38X, a Solent stay mounts as far forward on deck as you can put padeye fittings, which is within inches of the pointy end of the foredeck, well in front of the anchor locker. No special reinforcements are required here, other than normal backing plates. The upper end mounts at the same level as where the uppers connect to the mast, which is more than high enough to completely eliminate the need for running backs. It's a much simpler setup, but the downside is that you must roller-furl your headsail when tacking -- not much of a problem when cruising. My Solent stay deck connection has a quick disconnect lever on the stay that allows me to disconnect and stow the stay back towards the mast whenever conditions require short tacking.
As far as how it's used, I have a 130% RF headsail that never leaves the headstay, so I never have to pull it down and stow it below. It works down to about 85%, after which I roll it all the way in and then hank on a 100 sq. ft. storm stays'l on the Solent stay. At the other end of the wind, the Solent stay is used to hank on a drifter, which works reasonably well in light air, plus it's no where near as exciting to set and retrieve short-handed as a spinnaker can be. The hanked on drifter can be weatherly if need be because it has a straight luff. I cary no other sails (no room, anyway). I see the above as a good cruising compromise between speed, storage, foredeck safety, and convenience. It works for me but may not be for everybody.
Sorry about the length of the reply.
Fair winds...
Jim