was98strat you need to surf once or twice... a non-planing boat will surf past it's "theoretical hull speed" which is all that formula is good for.
Also the waterline of a boat "usually" increases with heel. Nullifying that theoretical number. "Hull speed" of my Capri 25 was 5.9 knots... HOW did I do this... and before you say my knotmeter was off, I confirmed these numbers with GPS... no current, flat lake.
But I have some other myths...
"Reef before you think you need it."
"When winds are up a reef and a smaller headsail are faster"
"Red sky in morning sailors take warning"
"Red Right Returning."
"Sailing flatter is faster" - reference to keeping a boat with little heel to get best VMG... I'd argue sometimes 25-30 degree of heel is faster, depending on the boat.