Nice of you to say 1Wiley, but I'm a total novice at this. I've had guidance from two naval architects, a marine surveyor, several very experienced folks in boat rebuild/repair, and a small library of books on the subject. Sidelined by several surgeries, death in the family, and waning confidence in my ability, the project went dormant. Just finishing up a total redo of a West Wight Potter 19 my wife purchased I feel like I have the chops to get the C-Dory done. Hope to get it cranked back up in the next few months.
Back to the subject of your post, I'm still interested in the idea of a system to keep the boat afloat when the stuff hits the fan. That inflatable collar seems worth exploring, but I still have questions about how to deal with damage to the collar itself since it's mounted just above the waterline. The system I referenced earlier has a series of individual chambers, but I think there'd need to be some kind of one-way valve on the supply tubes at each chamber to stop backflow once the pressure air tank is empty. Otherwise it might just end up being an expensive bubble machine adding visual interest to the scene while the boat sinks...