Shouldn't the "champions" of hollow waterlines at the bows, F.L Herreshoff, and before him Steers, specially with his schooner America, or the old American and Canadian fishing schooners and pilots boats be cited here?
Although reckoning the value of the "everything else being equal" or the "if one limits himslelf to"....for the sake analysis and the delight of the "number crunchers", I quite like the broader point of view, where of course the considered boat has to be defined more in its whole.
So: my two cents...(if even of that value?): shouldn't one also consider a prime function of hollow waterlines in earlier vessels, which was to increase the efficiency of the lateral plane against leeway?
If taking as what I think is a significant example: the American fishing schooners: before something like 1860, they had quite full bows, very inefficient against leeway, but they also had their bow piece protruding well forward the rabbet. The lines plans were actually drawn up to this rabbet, but the profile shows a very large portion of the bow (and the keel after that), forward of the "canoe" hull, then very efficient against leeway, combined in that with the very hollow aft sections below the counter, needed to balance their huge sail area aft.
After approx. 1860, the waterline at the bows, or more exactly right below waterline, started to be very hollow while the fragile earlier stem did not protrude as much forward of the rabbet.
Later, at the time of famous "Carrie E. Philips" (1887), when the main started to go from large to huge, and also in an attempt to improve maneuverability, the deep forefoot slowly disappeared in favor of deep aft sections constituting the essential of the lateral waterplane, and larger rudders, but the hollow "water-cutting" waterlines did not - or very slowly - until the late ones near the turn of the century. Waterlines then became straight, with very fine entries (sometimes less than 20 deg.). These were the fastest ever...but that is another discussion.
Sorry for the (nearly) off the topic...