Sounds like the perfect time to do it right.
Is your boat a tri-cabin style? If not, what follows will be of no use to you.
My C&L 44 came with a little mast mounted on the aft overhang of the upper deck. It had stays, but when I rigged them, it was clear their only purpose was to interfere with passage to and from the upper deck.
The replacement mast is taller, stands on the lower deck and is attached to the edge of the upper deck. That is the only support that it needs. If I am lifting something heavier than a person (hasn't actually happened yet) I can rig temporary stays opposite the load.
I had it made so that I can lift my Laser (under 200 lbs) or a person from the water at the side of the boat. I used aluminum water pipe, welded the old spreaders onto it, ran all the wiring inside. It also supports my Radar, anchor light, steaming light, deck floodlights, flag halyards, plus it gives the boat that "trawler" look.
Think about that before you replicate a design that a Previous Owner wisely discarded.