Ted, I will refer you back up to the photo in post #4 - does it look like the designer had any problem creating a slim foil section or achieving the required ballast with iron? Modern boat design and manufacturing techniques have made it possible to build properly ballasted iron keel boats that point very well and at a price which results in more boat for the owner. That is likely why NYSail is shopping for a boat that has an iron keel rather than a lead keel - he sees which choice gives him more boat.
Gunni, I think that you may have misunderstood what I was trying to illustrate. Pouring a keel using cast iron or lead is not the issue. Both materials can be used to make any desired keel foil shape. The point I was making was that if you compared two identical shaped keels that weighed the same, the lead keel will have a noticeably lower center of gravity. As we know, lead is denser than iron and therefore less is needed to achieve the required weight that the designer intended. To maintain the identical planform of the two keels, the designer of a lead keel boat would provide a fiberglass stub moulded into the hull which is the shape of the upper portion of the keel ballast where they mate. Because the stub is lighter than the ballast, the ballast is lower in the keel and therefore the center of gravity is lower. There is no way to achieve this with cast iron when comparing two identical keel shapes. It's not about designing a keel with the proper amount of ballast, it's about doing it with less surface area and a lower center of gravity, both of which are performance boosters. The lower density of cast iron makes it impossible to achieve the same righting moment as an identically shaped lead keel.
Going back to the photo you referenced in post #4, if that keel were made of lead, the upper 12" (just an approximation) portion of the keel could have been a fiberglass stub which would lower the center of gravity and give the boat greater stability and sail carrying ability/speed. In my mind, that is a value vs performance compromise.
Sorry NYSail for getting so sidetracked on this discussion.
All boats are a compromise. Hope you find a well maintained boat without issues.