Fishtigua,
You've got to see some of the battlewagons that come into Nantauket during the summer. Huge towers, lit like a bordello, gorgeous teak and varnish, chairs that cost more than I make in a summer and some serious fish coming off them. Doubt if you could call it cost-effective, but they sure are impressive. I'll try to post some pics if I get out that way this summer. (Montauk has a few cute ones too
).
It's hard to put practicality and recreational boating into the same sentence.