We have made a number of trips with our X mastless. The most recent one was 4 days out Memorial Day weekend to Blake Island and Poulsbo.
Here's our log book entries. There are quite a few pictures of the boat without the mast.
http://www.ddunn.org/logBook68.htm Blake Island/Poulsbo 2005
http://www.ddunn.org/LogBook%2067.htm NewYears 2005
http://www.ddunn.org/LogBook65.htm Water Toys 2004
http://www.ddunn.org/LogBook39.htm Illahee/Poulsbo 2004
http://www.ddunn.org/LogBook35.htm Fishing 2003
http://www.ddunn.org/LogBook26.htm Seafair 2003
I'd like to tell you that you will see some dramatic increase in the performance of the boat, but it's just not so. Our's has a Tohatsu 50, the forerunner to your Nissan TLDI (Tohatsu makes the Nissan motors) so I think it is very similar in performance. The mast, boom, and assorted sailing stuff that you can leave at home weighs a total of around 130lbs. In theory this should amount to about 1 knot in additional speed, but you will have a hard time noticing the difference. Now that we have made 6 trips, 232+ Nmiles, 13 days without the mast, I would say that you really won't notice any great performance improvement, nor will you notice any bad behavior on the boats part as well. We do not experience any additional roll, or faster roll, without the mast than with the mast. It's just the same boat without the mast. We operate almost exclusively with the ballast tank empty when mast less. Occasionally I may fill, usually at night if I want more stability at anchor, but as soon as we get under way we drain the tank. Under 7 knots I'll have some centerboard and rudders down for better tracking. In any tight handling situation, docks, locks, etc I will have all fins down.
It's really just a choice in where you want to spend your time. It takes about the exact same amount of time to raise the mast as it does to take it off. Ditto for taking it down vs. putting it back on. The advantage is you spend the 30-40 minutes doing this at your leisure at home rather than at the launch in a hurry.
It is very nice to just pull up to the launch line, un-do the strap, pull out the fenders and lines, and back the boat in. Both launching and loading are very quick and easy when you leave the mast behind. For us this is the one BIG reason to leave the mast at home. Because we use our nearby local ramp only 10 minutes away on surface streets we are able to have the boat fully set up before we leave the driveway. Our canvas is up, life sling/ life ring in place, cushions, instruments, you name it, we are fully rigged before we go.
Of course you give up sailing, but we have found over the last 5 years that even when the mast is on we motor around 80-90% of the time anyway. I probably shouldn't admit it, but we have decided to store the mast for the summer. It's off the boat, spreaders removed, all bundled up and stored in our kayak shed. The boom and main are in the attic of the tool shed. We're going to go all summer mastless. The theory is that having the boat ready for an easy launch will lend itself to our using it more for short, spur of the moment trips. I'll let you know how it has worked out at the end of the summer. Who knows, if it's a big hit we may make a full powerboat conversion.
I'm designing a small (5'), raked, stub mast to attach to the step. It will have the forward facing light for motoring, plus an anchor light, as well a some places for flags, etc. The boat seems rather empty with nothing at the step, and I'm sure if the coast guard were to inspect they would complain about the missing white forward facing light.
All in all, I'd say give mastless a try. If you don't like it you can easily go back to being a sailboat. Who knows, maybe you'll be hooked like we are.