I'm absolutely sure I would have done the same as Slickcraft. The thought of having my boat sink and being stranded on the island would have driven me to make a run for it.
As a purely loss of life issue, staying on the island would have zero risk compared to leaving dock in a leaking boat, in cold water, with my wife aboard. But I wasn't there, so I have no way of knowing of the apparent risk at the time was high enough to make the run back too dangerous.
Anyway, it looks like things worked out great.
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