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Hard to tell from the pix but is the keel a bolt on or encapsulated? If a bolt on, I'd be inclined to simply remove some lead from the bottom rather than mess with the whole structure. If encapasulated, it is a much bigger job to reduce the mass and rebuild the structure in a safe way.
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Moderation in temper is always a virtue; but moderation in principle is always a vice....Thomas Paine
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