Which can carry more sail before unwanted weather helm and rudder action need applied: a) modern flat hull with 1/3rd weight in keel b) traditional deeper hull with near 1/2 weight in keel?
Too many other variables for that to be an answerable question. One important factor that is often overlooked that can be answered in that comparison is the rate at which steering characteristics change with heel. A steady and predictable increase in weather helm without any sudden changes in steering characteristics is a very nice feature and more likely to be found in the deeper traditional hull.
My E32 is a very good example. Helm pressure increases steadily as the boat heels but, even with the rail under water, it never reaches a point at which the rudder suddenly loses effectiveness and the boat starts to round up suddenly despite the helmsman's efforts. This is very nice when passing buoys closely in gusty conditions. Watching the knotlog, she doesn't slow down as heel increases either although leeway increases I'm sure. If she is going 6 knots at 15 degrees, she'll be going 6 knots at 25 degrees. I ease her up just to make a little to windward. Helm force may get very strong but, if you hold her to it, she'll go where you need her to go, also important when a lobster pot shows up and you're single handed and need to go downwind of it and there isn't time to ease sheets.
The wider, flatter boat, more typical of modern practice, will slow down and suddenly try to go her own way when pushed as far over as a boat like mine. Steering Strider to windward in puffy conditions can be work but it's a joy because of the feeling of predictable solid control. This does require keeping the speed up. If you get shy and let the speed decay or get hit by a gust when slow after a tack, she may round up on you but it's only happened a few times to me in four seasons.
I always had a preference for wide, powerful boats having grown up sailing catboats but this boat has really changed my thinking.