It is nice to have access to a private lift. That saved you a boat buck or two right there.
I'd call that a swing keel or a center board as a keel is usually thought of as the lowest point of the hull that is naturally fixed to the hull. Some are cantilevered as well.
I'd also think about grinding out and re-sealing the top of your board above the pivot hole where it shows damage. You are lucky your swing keel/center board has not swelled as this damaged area clearly is below the water line and would allow water to intrude into the core.
Replacing the wire rope pendant was an important job to do though. The extra 4" of deployed center board may be useful, or it may not. Sometimes having the board only partially deployed results in faster sailing but it depends on the boat and point of sail. You are pretty clever so you will figure it out.
"The cure for anything is salt water~ sweat, tears, or the sea." ~Isak Denesen
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