I tend to agree with ssobol [Edit: I also agree with Thataway, but his post wasn't there when I started typing my reply]. I've paid close attention to all the threads (many posts) about people delving into the v-berth on their 22's to remove foam. Saying that the installation is "random" is putting it mildly. So for starters you may or may not have foam and/or any given quality under there to begin with.
It is possible to do calculations to find out just how much foam (or really "flotation" of some sort or another, it can be any form of trapped air, etc.) would be necessary to float the boat. Another step would be to figure out where to put the foam so as to have the boat float as near to level as possible (presuming that is desirable, but perhaps it does not matter). A seat of the pants guess tells me that the foam that may sometimes have been installed by C-Dory builders in the past at certain times did not take those calculations into account. It has also always been open-celled, from what I can tell, which means it's subject to soaking up water over time and thus becoming ineffective (I would use closed cell foam or some sort of air bladder(s) myself).
I realize that nothing I'm saying above IS a calculation (although there are calculations that can be performed), and I don't think anyone should do something they are not comfortable with on my advice. Basically, I have read a small amount on the subject (because there are folks who have calculated the amount and placement of flotation for their sailboats and I have read those articles).
If I did want positive flotation in my 22, I would be calculating it and then adding closed cell foam in the recommended amount and location. I suspect it would be spread throughout the boat (and thus taking up valuable-to-me stowage and cockpit lounging space). I'm fine with it the way it is (and plan to remove any foam, if it exists, from under the v-berth). I'm actually hoping there isn't any (because it is a pain to remove). Carpy, with a 22 of my same vintage, just had a small "volcano" beneath the inspection plate* that is under the porta-potti, and none in the main area (IIRC) so I am hopeful.
Sunbeam
*Which of course means he had no real "flotation" provided by said foam.