Hi George, good to hear from you again. I hope the Colin Archer is doing well and impressing observers at your local water!
Ballasting is always a bit of a minefield but I'll see if I can help. This is basically what I do so I'm not saying this is how it has to be done. I simply offer it as a process that makes sense to me and has worked.
First of all there is no hard and fast answer to what amount of ballast to use for what particular model. There are other considerations that will affect the required ballast such as motor and battery combination you use so it is always best to work it out for yourself.
The first thing I do is mark out the waterline, with a pen, around the bare hull. Hopefully you will have a plan with a clearly marked water line however, if not, then photographs of the real vessel might help you identify it. Failing all else you might even have to resort to using your experience and eye to determine an appropriate water line. I then apply masking tape above the water line, all the way around the hull. Remember this is only a bare hull at the moment. You then put the hull in the bath and add weights to bring the hull down to the water line. When you are happy the hull is sat perfectly at the right level, remove the weights and weigh them all. This is a key number, it is the total amount of weight required to get the hull to it's marks.
Next you need to weigh everything else that you are going to put into the model. Motors, electronics, batteries, superstructure materials, fixtures, fittings, details etc..etc.. Everything must be taken into consideration. You then need the total weight of all this stuff, which, hopefully, is going to be less that the weight you recorded above. You then simply take the total fittings weight from the total weight required to push the hull down and the figure you calculate is the amount of ballast you are going to need to add to your model. I then tend to split this weight into thirds. I put a third of it in the bow in the form of lead shot embedded in resin, a third in the stern in a similar manner, making up the permanent ballast, and that leaves me with a third to be added and played around with as required as non permanent ballast. This could be in the form of any weights added and held in place with Blue Tak or, my favourite, plastic bags containing lead shot. Once I've finished the model and played around with the non permanent ballast it might then become more permanent or I might leave it as non permanent. Bear in mind in the future you might decide to change the battery or some other item that then might require an adjustment to the ballast.