I very much doubt that there was ever a boat launched that displaced the same (let alone less!) as the designer had intended/hoped. Certainly, Fantail was closer to 3 than the 2.5 tons she was designed to be, and the marks for her designed waterline were at least 100mm below the one she had been floating on for years (judging by the many coats of antifouling that covered it. And apart from the time that I owned her, she has spent her life as a weekend/holiday boat with pretty minimal gear on board.
You can soon fit a ton of gear on board: anchor tackle (three anchors, 30 fathoms/50m of chain between them and then around 150m warp), mooring lines, spare rope, spare sails (if you have that sort of rig), 25 litres fuel for the engine, ditto for the cooker, 80 litres water, tins and containers of food, bosuns stores, tools: and judging from most boats, the owners regard an empty locker as a challenge that must be filled. I think you are wise to assume the boat was at least 3.5 tons when launched and probably nudging 5 tons by the time you are kitted out for Milford. When boats are launched their tanks are empty, they have a dinky piece of jewellery on the bow that is supposed to nail you to the bottom in F8 and even fenders are on the 'extra' list. Thus and therefore, one has to assume that all the above come under 'personal stuff'.
The Pelorus is significantly smaller and would obviously displace a bit less than an 'H28'. (For non Kiwis, the boat that Daniel is talking about is considerably altered from the original and quite apart from being built of 'frozen snot' would be almost unrecognisable to LFH.) The Pelorus's original rig was definitely that of a motor sailer, however, which is the main reason for the difference in sail area.
I see that you certainly do have a self-destruct valve, Daniel. I trust you are going to get rid of that terrifying and undoubtedly de-zincifying gate valve asap! The first job I did on Fantail was to put her on a grid and get rid of the ones that she had been fitted with. They gave me nightmares.