Personal Positive Flotation
It seems that to do this project it requires you to remove most storage space for the very unlikely possibility that you might sink your boat. I would recommend that you focus more on making yourself and your crew unsinkable. Wear an auto-inflating vest whenever on the water, use harnesses when in rough water, have rescue ropes and floats at the ready, and avoid dangerous weather and circumstances. It is much more likely that someone will go overboard at some point than that your boat will sink. My two cents.