Graeme: Those extensions look good, and would be a great option to keep costs low. I hadn't thought of an extension in the lower end of the mast at all.
Scott: The main mast (approximately 16cm / 6.3" diameter) has a wall thickness of 8mm / 5/16". The mizzen mast (approximately 14cm / 5.5") has a wall thickness of 6mm / 1/4".
I will look up Arne's book. If they are on the small side, perhaps the main mast will be suitable as the new mizzen, maybe even with the old mizzen as the top extension, or some combination like that. After looking up the cost of hurricane-rated flagpoles, I am looking to reuse as much as possible!
Best regards,
Maxime