Bobby Brown that owned/owns Cee Bee, is one of the pioneering guys in jet boats and high performance boats in general. His brother owned Powercat boats back in the 50's in Paramount. When the company moved to texas, Ray Ledger gave his brother, Bobby Brown (half brothers I guess?) a set of molds to stay here and go on his own. That was in the early 60's, maybe 62 or 3. With that mold he started Avenger boats. He knows his shit and his boats did compete and win races. The 16 you have is probably a splash of the old 16 tahiti though. Post up some pictures.
I'm sure you've all seen this video on youtube. A good running wankel set up right is gonna run circles around most other jet boats, big or small block. I don't know shit about rotary engines, but wish I did after seeing this clip. You have to watch it til the end to get the full effect of the acceleration this thing has. Amazing.

'nother one