In reading the replys, I should not be too concearned. Check the ballast valve seal on bottom and go from there. I will probably haul her up with full tank and check for leaks, hopefully it just leaks around valve seal. But in theory, if seal is good and no cracks in tank, load of boat should not have any effect on the tank level. The system should be closed to any changes in water line level. Only if more water can get in should water in tank rise. I'll keep my fingers crossed and hope it is just the seal.
Heres another Q, regarding Doehunter's thread. If the ballast valve is left open, won't the ballast water syphon out the same as pulling your plug out on an open fishing boat when it fills with water for draing?? You do not need aloty of speed to do this just forward motion. Anyone ever check?
What would happen if you took an empty bucket, turn it upside down, and push it down into the water? Water can't come in if the air inside can't get out. If your air vent has a good seal, it can control the water level in your ballast tank. Water can't come in if air can't get out. Conversely, water can't go out if air can't come in.
With that said, if you were to start with a full ballast tank, leave the bottom valve open, and heel your boat over until the valve comes out of the water, you might have a small amount of exchange. Meaning some water could come out, as air bubbles can come in.
If however, you are sailing and the bottom valve is under water at all times, water can't flow out if the valve is open, unless the top of the ballast tank leaks air. The air leak could be the air vent, the water valve stem seal, or a crack in the fiberglass in the top of the tank.
Wow that was long, Sorry.
Jim