Another way to look at it (though perhaps a stretch...): The 34 foot boat coming out of Glendale was entering a "channel" between Locke Island and Glendale and coming from a slip or a mooring (coming out of a no-wake zone into an ulimited speed zone), and therefore was not the stand-on vessel, even if it was off your starboard quarter. The boats in the channel are stand-on in this situation and the boat entering the channel should give way.
I think the 34 foot vessel should have slowed to let you pass since he also had to give way to the MP boat off his starboard quarter, regardless. Which way did the 34 foot vessel end up going?
Trying to figure why you'd ever steer to port in this situation, especially with oncoming traffic... You should always steer to pass behind the other vessel if you must take action, stand-on or not.
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