Below is a video of a Lateen Rig on a large yacht going like a rocket.
They start with their sails down and hoist at the gun. These boats really go as the video below shows.
It was filmed in Dubai, so I suspect that it probably doesn’t qualify as a low cost rig – but it is still traditional including in aspect ratio.
It blasts along very seriously for some time until a large piece of boat is pulled off by the sheet and things turn dramatic.
Here is a more normal turn of events.
I know I tend to bang on a bit about how traditional and low cost rigs can have really great performance if properly set up.