The next major step in the evolution of this line of schooners came with MALABAR IV, design number 205. She was based on quite a different concept, that of a boat that would be sailed with a crew, including a paid hand, and would be expected to compete seriously in ocean races.
John Alden lost his taste for singlehanding when he fell overboard while sailing alone across Massachusetts Bay in MALABAR III. He went over the side forward but somehow managed to catch hole of the boat near her main shrouds and haul himself back aboard. it was a close call.
From 16 minutes onwards
... my intention is to have this boat built and sailing in time for the 2027 Fastet Race because it was a Malabar VIII that raced in the 1927 Fastnet, 100 years prior and raced neck and neck with TALLY HO and I think it would be epic to recreate the race that happened 100 years previously which was raced by a Malabar schooner against TALLY HO and the Malabar actually was first over the line, but TALLY HO won on corrected time so maybe we could do a re-run ...