I like option 2. You could put up some information about the searched-for boat and then follow up by saying that there are none available at this time but here are some similar boats, and add your links to those boats.
You could even add something about how each alternate choice is similar to/different from the original boat, if that is something that time allows. This would be useful to the searcher and keep your pages indexed. (Of course, this depends on how many pages we are talking about--it would be labor-intensive for thousands of pages...)
] you can either make two really different pages, separately targeting the two keywords, or if they are very closely related terms, you could use both variations on the page. You might even make it a stronger page by doing this. [See Cyrus Shepard's fascinating Moz blog 