http://www.ussailing.org/portsmouth/tables05/tables05cb.htm Basically, you just divide the elapsed time by the PN and multiply by 100 to get the corrected time. Lower numbers -> faster boats. The CL-16 has a PN of 96.1 and the 14 has a PN of 104.1.
Where did you find a mixed racing fleet in the Lansing area? I live in Ann Arbor and have been looking around for mixed fleet opportunities. I own an Albacore, not a CL, but our sailing club* has two CL-16s so I'm familair with the boat. If you're interested in racing one-design we could put three boats on the course. If we can get Lee Hollander to come out, we could race four CL-16s.
*Univ of Mich Sailing club - www.umich.edu/~umsc