If a NA was involved in the design, the designed waterline is a pretty important reference point.* There have been capsizes of fishing vessels when the waterline was painted someplace other than where it was designed to be, but if accurately located, fore and aft and beam trim is easy to determine.* The bonehead method of determining load capacity (my favored method, always) is to ask at haulout what the weight of the vessel is and subtract that from the design displacement and you have a pretty close estimate how much stuff you can load on before the boat sits below the waterline.* When gutted and with partially filled tanks, Delfin weighed 40 tons.* Her design displacement was allegedly 60 tons.* I added about 18 tons with full tanks, cabinetry and equipment and put her in the water. We then had to locate another ton of ballast to get her on her waterline fore and aft and port to starboard, so that method seemed to work ok for me. We left a ton of capacity in reserve for the contents of the liquor cabinet.
If you look at cruising sailboats, they are routinely stuffed with so much extra weight that the waterline gets re-painted higher.* Not such a great idea, but perhaps less of a problem with a sailboat up to a point.
Locating weight lower is better than higher for obvious reasons. If the weight is put where it was designed to be put, stability is what it was intended to be, whether great or marginal.
-- Edited by Delfin on Tuesday 18th of January 2011 10:29:08 AM