Good Question. I have owned a H16, Bravo, (both sold), and now a Wave and the (2)Adventure Islands. No one boat does it all. I loved the Bravo. Super easy to set-up and reefing main was great. I didn't even need a boat ramp for the Bravo, no waiting at the ramp for the fishermen to come and go... just get close and slide it in.
I think the choice has a lot to do with where you sail, and why you sail. In a light breeze the Wave is like sailing a couch - super stable, easy to find the groove, not lots to do but enjoy the scenery. In a bit more wind - the Bravo was like riding a bucking bronco, shifting your body weight made ALL the difference - a more active afternoon.
With two people - I definitely prefer the Wave. And of course, we've had 3 people and our labrador on the Wave and all were happy. I sailed the Bravo with two - but not more than an hour - and it did slow down a lot in light wind. I don't think I'd own a Bravo if I planned on sailing with company most of the time, solo it is a great little boat - and yeah - probably as fast as a Wave in average conditions.
As far as the AI's go - that's a whole new equation. Great to never worry about not having enough wind to get back. When two of us go - we often take the AI's, because then we both get to be the skipper, my sailing partners get bored on the Wave with nothing to do.
Just my two bits.
'08 Hobie Wave, Hobie Adventure Islands