The first and perhaps the only hydrofoil simulation, P.H.M. Pegasus has great graphics and gameplay for its time, although the scenarios were less interesting than the much-improved sequel Strike Fleet.
Its emphasis on fun over realism and simplistic controls and arcade-flavored gameplay probably makes the game more appealing to the casual strategy crowd than veteran gamers, but is still a good diversion from more serious simulations.
The lack of career mode, or relationships of any kind between scenarios also mean that you can finish one game relatively quickly in 1-2 hour sitting.
Review By HOTUD

Comments and reviews
Well, at least it turns out that you can type in "hf ega" to start the game in EGA,
or simply make a batch to do it.
This works with every Dos Version i found
This was probably the easiest hack for me on C64. This was a double sided disk that had a loader on the B side that would tell you to flip the disk over. That loader did not check for the EA copy protection. I simply patched that loader into side A and voila! Those were the days...
EGA version doesn't look much better: https://www.youtube.com/playlist?list=PLTznskr2i2rZ5D11NpSr3te3nr9EINuDI
This was supposed to have EGA and 32-color VGA support, but someone at Luca$arts did some beancounting and decided to release the game as-is. Gameplay isn't bad, but by 1988 gamers had gotten sick of CGA and the concept of black as a "color". Piracy only hurt this game by allowing gamers to download a copy and see why not to spend money on it.
No comment nor review for this game at the moment.