IMO, all is great until you are badly knocked down and that suspended weight can slide back up since it is not locked in place.
100%, Weight has to be locked down to keep it from slamming back up and causing even more problems.
I would not add daggerboard weight for the purpose of preventing a capsize.
The dagger board structure is really quite thin
I wouldn't put much extra weight in it.
There was an old post or mod page where someone filled an M board with lead shot and it bowed so wide it would not fit in the trunk. They ended up dumping the shot out, reinforcing it, and trying it again.
I did add 75lbs of #8 lead shot to the board on my

.I used lead shot so I could drill a hole and drain it back to stock if I didn't like it. I have no plans of going back
I don't know what the water capacity is of the daggerboard, but if you knew you could easily calculate the difference between the weight of that much water and the same amount of lead. It just might be more than 100 pounds, I really don't know.
No idea on a M, but for my 02 X 75lb of lead shot pretty much filled it. Lead is a little over 11x denser than water, so about 7lbs of water would fill it.
I found of interest the first 25lb bag all fit in very tip of the board. The rest spread out fairly evenly once the cavity at the tip was filled.