Mohicans are popular among flat-water marathon paddlers. They're rugged and among the fastest skis on the water - essentially equivalent to an ICF boat. Stability is better than some of the narrow skis and less than others. The biggest claim to fame of the Mohican is probably its reputation for flying through shallow suck water with minimal resistance. And if you order one new you can customize it a myriad of ways (over-stern or under-stern rudders, tiller steering or foot pedals, various seat options and color options). I owned the prototype Mohican for awhile, and came away impressed overall. It's not magical, and you may be as fast or faster in some of the other skis out right now, particularly if the fit and/or stability suite you better, but the boat itself is certainly among the top flat-water racing boats on the market in terms of minimal resistance.
That being said, there are some caveats. It's definitely a flat-water ski. A few top paddlers have tried it in bigger waters and found it doesn't work well in the waves. Even in shorter wind-driven waves on lakes and rivers the boat will slice through the waves and the water will dump in the cockpit. Ted Van Dusen designed it for flat-water marathon paddling, and that's where it excels. The other caveat is that it's not a boat for people with bigger feet. Although the cockpit is sealed off and has a bailer, it's still somewhat K1-like in that you sit partially inside the boat with your feet under the deck. It was rather tight for my feet, forcing my feet to sit at an angle to fit. Ted told me that if he were to redesign the boat he would add about 3/8" to the front deck height to allow some additional foot room. I was just as fast in a V12 and an SEL, but I think it was due primarily to a better cockpit fit for me and some additional secondary stability. Wesley Echols has tried practically all the skis on the market and he runs a Mohican in his flat-water races, finding it to be the fastest boat for him. He's also smaller than I am and I suspect his feet fit under the deck more easily...