I use my Pegasus in ocean surf here in Florida, everything from 2ft. to 15 ft. It is a very forgiving boat that makes plowing through the breakers almost as much fun as riding them. It is very stable and easy to hop back on, even in a large swell. I have a blast every time I take it out. If I could only have one boat, this would be it. Its faults are the fittings and I rated it an 8 due to this.
The storage hatch leaks. I sometimes have as much as 5 gallons of water in the boat after a session. It has molded foot braces that can shift out of position in a rollover necessitating their repositioning before getting back in. This can be a problem, as you only have so much time before the next wave hits. The thigh strap mounts are simply screwed into the hull, no fittings or blind nuts, and they work loose. The rescue handle is nylon fabric rope that chafes on its screw washer and tears. I like the boat and ride it almost everyday (literally). I only wish that Dagger would upgrade its fittings.This boat is the best of its kind for a WW Sit-on-Top. The thigh straps are non-flexible nylon and give some control. This boat can also be rolled on flat water as it is the narrowest SOT. The thighstraps are a much better configuration than the Yahoo Knee Tree - and also offers a much drier ride as you ride higher above the water. The hull is narrower than the Torrent for easier strokes, and is high quality EXL. The foot braces are similar to bulkheads and are better than the pegs on the Torrent, or the cups on the Yahoo. The downside - it is a Sit-on-Top.
I have paddled the Pegasus numerous times in Class II (Middle Yough) and once on the Cheat Narrows at 2.5 ft (Class III). It handled the waves of Wind, Rocking Horse really well; however, the boat and I were eaten alive in the hole at Calamity Rock. Expect to tell some Whitewater Tales of Terror at III+.