Blitzin, that water line you are talking about, it sounds like the boot stripe, does your boat have a boot line? If so, skip a space from the boot line to where your bottom paint starts. You can use the masking tape to set the size of space, i.e, 1/2", 3/4", 1", etc. Use only FINE LINE tape, ask for that, most of the marine stores carry it. The paint will bleed a little under the regular blue masking tape they sell and you wont get as clean an edge.
If you don't have have a boot line, and the boat is new, you may want to consider having the dealer do the work, or at least have him do boot line for you. If it is not new I would suggest speaking with a dealer who sells that model if they still make it, or contact the manufacturer. Being it's a 20' you could also put it in the water no big deal, and take some measurements from the rub rail down. I would do this every 2' or so, then just connect the dots.
Notice the nice clean straight evenly seperated lines of the boot and bottom paint pictured below.
MakoMatt
(This post edited by MakoMatt on 03/09/2003)