Hi Mitch
Designing a boat is a complex affair. You have to think abut many things, make a lot of calculations, plus the experience as a designer, and a practicing sailor (since 69 years!) and boat builder play a role.
Then a boat emerges, designed with all these inputs. One of these designs is the 520.
To use a sloop rig for this boat will not work. A mast has a significant down force. How to manage the load in this boat. With another bulkhead, and then, there is no room for anything left.
You had here so many inputs to solve problems. There comes a point, you stick to the plans, or as David mentioned, change to another design. The ECO 5.5 would be then a logical choice.?
Bernd