Rodger, still waiting for your third question!
I will state again that despite my best efforts to have an unplanned capsize it has not happened yet. The boat is well designed and resists efforts. This is one of the great things of the design, and I was tossing between the skerry and the faering but went with the former because I wanted a lighter boat.
Because I think that one should practice dangerious situations in controlled conditions I have gone out of my way to flip the skerry in varrious conditions with others present in other boats to ensure that nothing happens. the hardest one was a february one with chilly watter and some good winds. I found that yanking out the mast from the step was the best way in these conditions because it gets you in the boat faster, you then have more work to do if you want to start sailing again.
The process is also hilarious because the boat does not want to go over, so you have a guy like me hanging off the yard trying to dip the wales of the skerry into the water and flip her over. I am not a big dude so this takes some time and effort.
I have not had specific floation devices on board, water proof bags and such but more for storage than for their floatative capacity.
after I swim around to the dagger board and right her water is about to the benches. I then start bailing about half of it out and then sort out the sail and the lines.
One thing that happened (not in a capsize practice) was at obx and the rudder popped out in the middle of my sail, I think I nudged the bottom. since then I tie the rudder off as stearing with an oar is a pain in the bum when trying to recover your rudder. I can imagine that in a capsize this could happen as well.
For the floatation bags, I think they would need to be tied down low in a manner they would not float up as you right the boat. the only place I think you could do this would be near the mast and in the forward compartment under the middle benches. But I use this space for camping gear, coolers, bags, and all the other crap I take with me.
Now, all this said, I plan on anouther practice session with my kids so they can learn and I want to lay out the boat to capacity (450lbs) I have wondered about this as with the lighter amount the water comes to about the benches, logically if heavier how difficult is it to recover and bail if the boat is so laiden that water and equiptment bring the interior water level to above the dagger board hole.... doing this one when the lake is super warm.