Hi all,
Just an update on this. I ended up sealing the mast and it performs just like you all had said. It will turtle eventually, but not for a good 5 minutes or so. I've capsized twice without the bob on and with the sealed mast. The first time was during a race and we had 2 people on board. Boat did turtle but after awhile we were able to get her up. 2nd time capsized was yesterday with 2 other friends. I sent one to the top of the mast to hold the top of the mast up and keep it from turtling (using her lifejacket as the floatation) while her boyfriend and I righted the boat. I'm getting better at righting the boat and jumping on the windward hull to keep it from re-capsizing by shuffling my feet around correctly as she comes up.
Anyways, next time I take the mast down I'm going to put the bob back on until I'm capsizing less often. I know what I'm doing as skipper from FJ/420 collegiate sailing, but now that I've found out that the hobie 16 can capsize in every direction, I end up pushing the boat too hard too often and in the drink.
Long distance catamaran racing has turned out to be very different from short distance dinghy sailing.
Want to see my turtled hobie? Here are the pictures from the race. You'll have to shuffle through them to find my hobie, but I was the only h16 on the racecourse that day. Only other beach cat was a Nacra 5.5
http://www.mcdonaldphoto.com/Sailing/20 ... te-Series/We weren't the only people in the drink that day though. According to race committee, at least 3 other people ended up falling off keel boats at different parts of the race. So, we were just 40% of the people in the water.

Thanks all for the advice. Great community we have here.
-Evan