Way too many variables and unanswered questions hidden within your base concept.
We have had several documented posts of the Mini40/F-48’s “handling” Marbleheads and 10 Raters of similar or slightly larger sail area by owners in informal pond racing - but in your case there are a lot of “it depends” before an answer can be agreed upon.
Let’s use a maxed out 10 rater for example - with a waterline length about 10 inches longer than an F-48. With most other things being equal - and even with a boat with more sail area - a boat with the displacement of a 10 Rater just can’t stay with a multihull weighing 5 lbs. or less all up weight. At a minimum of double (and maybe three times the weight - or more) of a multihull, the monohull requires “Lead” to keep them upright, whereas a multihull uses it’s maximum beam to achieve it’s righting moment - NOT additional weight! I find it hard to argue that a heavy boat will be faster than a light weight boat in light winds, and a properly tuned multihull that stays upright in medium/heavy winds should also have an advantage if it weighs less.
These kind of questions are similar to those comparing a NASCAR oval track racer to a road race car to a rally car. All are fast - and possibly equal in horsepower, weight etc. - but they get it done in dramatically different methods.
While a monohull may have an advantage in windward pointing (Newer multihull designs are crushing that stereotype these days) when off the wind - whether reaching or running - the monohull will generally be limited to hull and/or actual windspeed - while the light weight multihull will be able to foot off, increase boat speed sail a faster course at a faster speed and cover more distance in mid to upper wind levels. In a drifter - while both boats may be of equal speed comparable to the wind speed directly downwind - once again the lighter multihull “should” capitalize on any puff, gust or temporary stronger wind with better acceleration.
Finally - any multihull sailor who gets excited about beating a monohull is not an experienced multihull sailor. That is like a Marblehead sailor who brags about beating the Vicotria ThunderTiger !
Ummm - and a Hobie 18 is not what I would consider a modern, high performance catamaran. Maybe an Inter 20, a NACRA6.0 or a Maarstrom Tornado however ???
Cheers - and my opinion only.
EDIT: Added below —>
[:-graduate] Graham - did some further checking and the E Scow and Hobie 18 weren’t really a matchup…
E-Scow:
28 feet in length
893 sq. feet sail area with spinnaker
3-5 crew
965 lbs. weight
About $30,000 (US) new
Hobie 18 (No longer in production)
18 feet in length
220 sq. feet sail area - no spinnaker
2 crew
400 lbs weight
About $3,500 (US) when new - estimate
<u>NOT</u> even a close comparison ! [:-grumpy]