at boat speed of 4 knots, wind speed at 10 knots true and a true wind angle of 55, the apparent wind angle is 40 which isn't all that bad for a boat with a water ballast and lack of sail controls. Now if you had sail all the sail controls, a fractional rig, with a deep fin keel, that is different as you should be able to get to about 33 degrees before you start loosing speed. I believe my best VMG is around 36-40 degrees off the apparent wind.
Always try to talk in apparent wind as that's the only constant and that's what the sails use. So many variables in dealing with true wind.