I have a 23 foot Sceptre and downsized to 95 gallons due to a lot of the reasons you mentioned. I have had no adverse effects thus far and really enjoy the added visibility and workability I gained back by the splash well and bilge area where my pumps are located. Since I mainly operate inland on a pretty large fresh water lake, I haven't missed the extra 5-10 gallons. Also, if I was to sell my boat, I don't see a minor reduction in fuel capacity as a negative selling point. Although if you were to go to 50 gallons or less and operate in a salt water application, that may be an issue if you sell your boat
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