Spade keels and others alike are installed in boats for one purpose, and that, in boats that serve mainly one purpose...and that is race, sail fast and point...it's a compromise accepted by those that own them
No one in their right mind will put one of these in ocean going cruisers...they are installed by people knowing and fully aware of their limits and other factors...
HOWEVER, if properly done, unlike "the advocates of catastrophe, and other sudden neo keel experts say (yep..for each subject there's allways an expert that shows up)", as I said...if properly done, they can be quite safe and used with peace of mind...
As Jeff says.."here is something I wrote for another venue"..
This shows how a properly designed and engineered keel should be installed in a race hull...
By the way..as you can see I talk of live real experience...not Jack said that Joe said that he saw Pete do.....this to say I have expereince with both types..unlike well...I stop here
The keel of my boat, and how's attached..
The boat has a structure bonded to the hull in the form of an "H" with many arms..that runs from the forward bulkhead to the area of the engine more or less.
Inside one of them, the keel box, there is an inverted box, that is solid and fits inside the space created by the structure. This box has a cut with the shape of the keel's profile.
see bellow
Then, the keel enters the hull from bellow and passes thru the box. Once inside 2 3 or 4 inch bars cross the keel and attach it to the structure. These studs pass thru the keels internal beams, that are one piece.
Then, on top, 3 bolts very thick ones, tighten the keel verically, with a lid in steel that closes the box and prevents water and any movement.
This system was chosen because the keel is very thin, long and narrow, so attching it to the hull was not a good solution.
This system is very solid against groundings and allows the keel to flex without stressing the hull, since the loads are applied to the beams.
The photos bellow show the keel that is fully encapsulated and water tight.
In the photo bellow you may see a thin water line a foot ahnd hal down from the top of the keel blade, that is how much of the keel is inside the boat in the structure grid that is there.
The torpedo is shaped with 2 fibergalss halves, that enclose the lead. A door allows adding and removing lead, that is mixed with wax in the top, so you can scoop the lead out with some heat.
Shark for looks only and to scare the dolphins...
EDIT:
Forgot to say my hull is not cored a strip of about 1 foot, all along the boat's axis