Dropped the spreader off at the boat-builder's this afternoon (John Beggs, thanks for jumping onto it so quickly!) and had a proper look at what has happened. Turns out.... rot. Looks like moisture trapped in the stainless plates that are wrapped around the base end of the spreader, and she has slowly lost integrity. A bit of on-the-wind sailing loading her up and she has given way.
John is going to splice and pin in a new base section, and needless to say I will be checking all the other spreaders carefully. At least I know the spreader I took down last time is fine - no rot there.
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