In Arizona I had painted the names on less than a dozen boats in 14 years. In Maine I learned about lettering boats from some great old-timers. I was lettering about 150 boats a year in my prime... now I'm Old Pete.
Boat yards in Maine are located in harbors of all sizes. They have been there since the towns were young, so they are on some prime real estate. One of the benefits of boatyard work is the views I get while I eat lunch. Some folks pay money to sit on a dock and eat.
Names on boats have a personal meaning to their owners. The letter style must be right for that specific word, boat design and owner.