I guess a 4 lb. hook without chain, attached to a 1/4 inch line just won't hold a 38 foot boat.
The interesting thing about PHRF rating is that most occasional racers don't take advantage of asking PHRF for the extra allowances for the gear they carry. If you call your regional PHRF organization ( not the race committee ) and ask, they will send you a form listing all the extra gear that they will allow added allowance from the base rating. As I recall some of this gear is dodgers, bimini, anchor in roller at the bow, added water tanks, added batteries (more than 2 type 27). Most people know about the 3 blade prop allowance.
Meanwhile, the weekend warrior racer is begging the PHRF organization, and the local race committee for a better rating every week because he added a screwdriver to his inventory, or his wife will be aboard and insisted on bringing her cosmetic kit.
It's all a game. We cruiser types generally don't like to play that game.
Back in the 60's I raced under CCA rules and ratings. We were called Yachtsmen back then. There were less people on the water, and the boats that raced were really cruising boats. If you started a race you had a gentleman agreement to finish the race, even if you were not doing well. Taking a DNF would only happen if you had a major gear breakdown. At the after race party, around the yachtclub bar, your character, and seamanship were your reputation.
Larry