When two boats share the same hull type — in this case both the Malibu 23 LSV Wakesetter 2009 and the Malibu Sunsetter 23 XTi 2005 are modified vee designs with fiberglass construction — the buying decision usually comes down to a handful of practical questions: how many people are you putting on the water, how far do you trailer, and what does your tow vehicle weigh?
The power gap is worth calling out. Rated to 450 hp, the Malibu 23 LSV Wakesetter 2009 has a 50-hp advantage over the Malibu Sunsetter 23 XTi 2005's 400-hp ceiling — enough to notice on acceleration and at cruising speed, particularly with a full passenger load. Fuel capacity breaks the other way: the Malibu 23 LSV Wakesetter 2009 carries 55 gallons versus 47 gallons in the Malibu Sunsetter 23 XTi 2005. On a lake day that's negligible, but for coastal cruising or long reservoir runs the extra range matters.
For family outings this is probably the sharpest distinction between the two. The Malibu Sunsetter 23 XTi 2005 is rated for 14 passengers, while the Malibu 23 LSV Wakesetter 2009 caps at 13. If you're regularly pulling extended family or a group of friends onto the water, the extra seats on the Malibu Sunsetter 23 XTi 2005 could be the deciding factor.
Bottom line: Choose the Malibu Sunsetter 23 XTi 2005 if your priority is putting more people on the water — it handles 14 passengers and at 23,0 ft it has the deck room to back that rating up comfortably. The Malibu 23 LSV Wakesetter 2009 is the smarter pick if you want a lighter, easier-to-trailer boat rated for 13 that costs less to run day-to-day.