And you're going to have to put a lot more horsepower $ in a nonstepped hull to keep up with some of the Fountains & Formulas.
I agree, as we've owned both Formulas and Fountains and Magnums (although that one doesn't really apply to this, it did haul serious *** for a 60ft boat). Theres a Baja dealer down the street, their powerboats are good for the price but don't compare to one's like Fountain, I do like the design of their open sport/center console boats.
Right now we only have a 29ft Fountain with twin 300 outboards in place of the 250's that came with it. The boat fly's in open water so effortlessly, their hulls are excellent and make best use of power. Although I'm guessing your not looking for an open sport, even if it is very fast.
Formula's FastTech hull is another awsome hull, very solid and stable and fast. our Formula's have been excellent boats
I'd rather find a used Cigarette, like a 38ft Top Gun, for the price of a new 38ft Baja. A friend of ours has a 38 footer with twin 602 crate engines each with a supercharger and the boat is sick. Neighbor has a Cig also but had a custom setup in the rear with triple n/a 502's and it's also a sick fast boat. Only problem with them is their seriously fast thirst for fuel lol, but they are also very solid and reliable boats, very hard to beat for the price that you can find a used one for.