Nige,
Having more than one transmitter is certainly one way to set up for 20 different boats. It also seems like an expensive way to do it though. Being naturally frugal (cheap!), I think I would rather transfer the specific settings for each boat to paper, then re-insert those settings when needed. I can buy a lot of paper and pencils for the price of that second transmitter! (Not to mention beer to keep me occupied while doing all that writing.)
Then again, if you're really handy with soldering/un-soldering that SMT stuff, you might put a chip socket on that transmitter's memory board and just swap memory chips (yeah, sure, just buy the paper).
- 'Doc