Kris, you're right the Farr 1104 was a bit too radical at the time for Compass' customer base. Boatbuilders/designers, look at radical ideas for inspiration and Bruce Farr and Don Lees both being New Zealanders, you can see the natural link.
They bought the rights to the 1104 but it was an immature design. Don asked Bruce, "Where's the drawing for the keel matrix to bond the keel into the structure of the boat?"
"Haven't got to that yet, you'll have to work it out for yourself!" replied Bruce And so it was.
It's a big cruising boat and in it's day, Piccolo won the Sydney to Hobart on Handicap. I think the lack of a skeg both to protect the rudder and keep the boat straight were major concerns. Later when Don adapted the hull into the Innovator 33 he added the skeg, increasing the surface area and drag but adding to the confidence. I have a friend locally with a Compass Farr 1104, it was a big step from a C29 but he loves his fast cruiser. Draft is a big issue and he needs good tides and accurate navigation, I would imagine they would be be very twitchy running downwind in a big sea, perhaps better to broad reach.
Geoff Raebel