Yes, a nice bit of coastline.
You'll have HW +/- around 2 hours for launching in Aberaeron harbour. H/master used to be dead fussy about seeing insurance certificates before he let you launch - not sure whether this is still the case.
Worth popping down to Newquay for a spin or up to Aberystwyth, depending on what you're looking for and/or how long you're out on the water. Take care if you're out for 2 tides, as there's not a lot of shelter on that coastline(only New Quay, really), if things turn nasty.