You will be able to check stability, but unformed lumps will have a terrible effect on hydrodynamic performance, so once you know the weight required, get to the shaping as soon as possible.
My procedure with a yacht weight was to get the volume by dunking the weight of lead in a jug of water, remove the lead, replace it with plasticine until the jug was full again, shape the plasticine and use that to make a "master". I then used that to make a mould (plaster of paris and a long time in a low oven to totally dry) and poured molten lead. If you know the precautions to take, OK, if you need to ask, think about getting the shape another way. Lead is quite nasty stuff. As room temperature metal, its toxic, at melting temperature, it gains many more ways of amplifying its dangers.
Like Colin says, if placed on a solid enough surface, it will repond to physical violence.