Praia, don't always take what JJ says as serisouly as it's said. If you go through the forum , you'll notice JJ is a firm believer in plastic, and a firm opponent to wood. He's one of the only of this opinion on the forum, so go ahead with your renovation!
I was supposing that the F might be for Fletan... and maybe the P for Praia!
As far as the front sail goes, it still seems a bit small to me, but that's OK!