I know this was an old thread but hey guys Ted designed these boats with a CB so there is a use for them, I have a 32 with regular keel and Ted also designed a 32 SD (Shoal Draft) with centerboard each has its advantages and dis-advantages. Older boats with CB could run into mechanical problems with the smooth operation of these CB's, hence some PO said forget fixing it i can sail without.
With CB down you will have a much better Motion Comfort (higher) and Capsize Ratio (lower) number which I would think are better especially when sailing "the ocean" off shore. Your close hauled performance is also a lot better. You can always pull it up when sailing for the wind and wanting less drag. It was designed for one keep it/or replace it.
S/V "Sailmates" 1973 IRWIN 32 Classic
I want to live and sail forever, so far so good[/SIGPIC]