So here is the deal. At least when I was designing boats, displacement was calculated two ways and the numbers had to match each other. In designing a boat, the designer is the one who sets the shape of the boat that they want. From experience and rough sketching, the designer is starting out from a collection of parameters. The length and beam are often roughed out from a sketch of the desired interior layout. The waterline is roughed out from that length on deck and a profile sketch, The amount of the displacement is chosen from a mix of past experience for the type of boat being drawn and tested against a desired D/L ratio. Then the lines are drawn and tweaked to get the hull shape, buoyancy distribution, and displacement that is desired.
In laying out the lines, the designer sets where they want waterline to be, and the displacement is calculated as a volume of the hull, keel, rudder etc. from that waterline down. Traditionally that volume is then multiplied by the weight of seawater (63.9 lbs per cu. ft. which the old timers rounded to 64 lbs per cu ft.) And that gives the designer the displacement at the DWL (Design Waterline).
Then the designer calculates the weights and positions of everything on board and the weight of everything on board has to equal the design displacement and buoyancy distribution if the boat is going to float on its design waterline.
Draft is then measured from the design waterline to the bottom of the keel, and mostly that is what is published.
"But wait" you say, "Is that with the tanks and storage empty or full, with crew and gear?" And that is the part that is variable. To begin with, if the designer figures the weight of the hull, deck, interior fit out, hardware and rigging and all of the expected fixed components of the boat, minimally subtracts that from displacement and uses the delta for ballast, that would be the dry weight of the boat, But with sloppy workmanship, or teak decks, a bigger engine and battery bank, pretty quickly the designer's dry weight displacement is quite a bit lower than the actual 'dry weight' displacement of the boat and the draft gets deeper.
There was a time when the design waterline was drawn at the 'lightship' displacement and that was the published displacement, Lightship assumed some partial filling of the tanks and some storage and so on. But in my lifetime, the published dimensions for boats was shifted to match the way that racing rules measured boats, which for displacement meant dead empty. And the published draft matched a boat sitting on that dead empty design waterline. Some cruising boat manufacturers who somehow saw heavy displacement as a virtue would publish a fully loaded displacement (tanks and storage lockers full,) But they saw shoal draft as a virtue so would publish a draft based on the waterline with the boat loaded to lightship or the race rule. (It has been alleged that Island Packet did tended to do that as well as jiggering their sail area calculations from the standard measurement methods.)
So when you look at the published numbers for a performance oriented design, you can be pretty sure those were the intended weights and draft for the boat dead empty. When it comes to cruising oriented designs, all bets are off.
And the other part of this is water plane, (the area of the boat that is at the waterline.) That controls submersion inches (the amount that the displacement increases as the boat sits an inch lower in the water). Light weight boats for their length tend to have larger water planes relative to their displacement and so tend to sink less per a given percentage of their displacement that is added. The result is that light displacement boats can carry a larger percentage of their dry weight displacement in excess carrying capacity, But while heavier boats for their length may only be able to tolerate adding smaller percentage of their overall displacement, they of course start out with more displacement, so may actually still have more surplus carrying capacity overall.
And so while the difference in the weight of a cubic foot of fresh water is 62.47 lbs and a cubic foot of salt water weights roughly 64 lbs. (maybe adding 200 lbs and a 1/4" submersion on a 10,000 lb boat) the bigger difference in draft will come from how full your tanks are, how many AGM's you added, what's in your tool box and spare parts kit, and how many weeks of can good you brought aboard,
Jeff