To lift even a half-tonne keel needs a serious amount of horsepower to be applied by the crew, and this is not to be the kind of boat in which motorised hydraulics are to be employed. "Less is more", remember. That's why I've stuck to unballasted boards, with a fairly neutral buoyancy when immersed. They are fairly easy to operate, which is going to be important.
so yes, lateral resistance can be obtained with lifting boards; even better, positive lift is obtained from cambered bilgeboards; but when it comes to safety in big seas, a different question, there isn't a substitute for getting the ballast low. How low? Well, that's on a sliding scale, taking into consideration the use that the boat is to be put to. Annie is going to sail around Hauraki Gulf and Northland. Though it can get windy, the seas are generally not huge, having the whole of North Island as a breakwater to the west, and smaller islands to the east. So while I would be content to see Annie fit a very shallow keel (more of a slab of metal, really) to keep the draught down close to 2ft, if anyone wanted to go offshore in my version of Sib-Lim, I'd want them to fit some deadwood between the hull and the same slab of metal, to increase the draught.
Having got my tall narrow sail working on Tystie, and having found that it is much better to sheet the sail to the arch over the cockpit, rather than at the transom (no sheets sweeping over the cockpit, for instance), I'd rather like to see this sail, scaled down, on Sib-Lim. It could be sheeted to a small arch over the companionway, with the advantage that hauling on the sheets can be done vertically - a big advantage for a skipper with a limited amount of horsepower and avoirdupois.