The main hobby machinist was patterned after a real hobby machinist, who at that time lived on Nantucket. (He actually just moved to Maine in the last year.)
They also have as a resource a sail-powered Coast Guard training ship, which proves to be an invaluable resource, and the massive forests on the mainland to serve as materials for building more sailing ships.
I won't bother to give away too much, as the story continues beyond that single book.
In any case -- it is a wonderful read for anyone in this newsgroup.
Enjoy, DoN.