23 tons. Yes, she has a ton or less. BERTIE is barge-like in her form stability and 14.5 foot beam, also the beam and turn of the bilge extends very far fore and aft. The stability of the hull form has to be experienced to be understood. We have been knocked down hard several times, putting the mainsail in the water and she comes back up so fast you have to hold on.
Also have broached badly in gales, sliding sideways down wave faces with the breaking sea, and I have never had worries as to her stability.
Still, less than 5% ballast seems incredible. But, then again I have seen things like this before.
The original SEA BIRD displaced around 5,000 lbs, but had an iron ballast slug that weighed only 700 lbs. That comes to a little over 14% ballast. I then calculated her keel area and thickness, allowing for taper at both ends and came up with 10.3 cf. I then multiplied that by 35 lbs/cf and came up with close to 360 lbs. That added to the 700 lb keel, pushed the ballast/ displacement ratio up to to 21%. And that's assuming fir was used for the deadwood and it's weight counted the day she was launched. As she sat in the water, the deadwood and bottom planks would become saturated, raising the fir deadwood's weight another 300 lbs. This would increase her ballast displacement ratio to 28%, which seems much more reasonable.
Looking at SPRAY's lines drawing I can see a full length keel which was probably made of oak, if you could get it. Even if not, since the boat stays in the water, it and the deadwood are probably saturated. If it ever came out of the water in a severe knock down it should add considerably to the righting moment. On top of that, you have thick bottom planks that will soak up maybe anther ton of water. Then, I imagine all your water and fuel tankage is kept low, as well as most of your other stores, which, if they are below the center of hull volume add to righting moment as well. BERTIE probably would not recover from being turtled, but would be one tough boat to turtle.
My LOLA boat is designed to recover from being turtled (see attachments). She has relatively high sides and a relatively deep "V" bottom. Fresh water, ground tackle, and other heavy stores are kept in lock down compartments in the bilge. They should add to the righting moment, even in a turtleing, if they can be kept in place. Due to her volume and weight distribution, only wave action would be able to turtle her and only in extreme cases, as I am learning from you. The long shallow bilge keels would lose much of their sideways resistance by the time the deck edge met the water, so the wave may push her sideways rather than flip her.
There is a price to be paid for all this. That is sail carrying ability. LOLA's masts must be kept short for economy (who wants to put an expensive carbon fiber mast on an ugly box), as well as for self righting reasons, so BERTIE can carry, proportionately, much more sail area than LOLA. BERTIE would probably shlep right by, in a light breeze, powered by her massive sail plan as LOLA sat there.
It is interesting to note that BERTIE and LOLA were designed to meet the same goal, a relatively inexpensive boat that can put to sea. BERTIE accomplishes that goal by using traditional design, skilled construction, and low cost materials. LOLA meets that goal through more modern design, less skilled construction, and more moderate cost materials (good plywood is probably still more expensive per weight than decent timber). LOLA would be built pretty much like an airplane. The bulkheads would serve also as molds, and be installed before the hull is sheeted. I imagine BERTIE's were installed after the hull was planked (to avoid 'hard spots', which may cause unfair compound curves).
I imagine traditional bulkheads were built of planks that were ship lapped together, which would mean each plank was mainly cut for length. I can imagine this would be infinitely easier to do than to cut and fit a plywood bulkhead, which would have to be cut to the hull's sectional shape. So I can see how a more traditionally constructed cabin interior might go together faster than a more modernly constructed one, especially if it is retro-fitted.