Hey Michael
That boat was a good sloop I think it was built a little over weight. But I cant remember.
I raced that boat 1547 at the 07 (I think) vic states and came 2nd last in light conditions and a little better when it started to blow.
It is a good solid boat but when I purchaced top gun it was a LOT faster I went from being beaten by all the h16s (that,s all they sail at my club)to 1st on light days.
My advice is Have fun & learn as much as you can on 1547 then if you want to get serious look for one set up.
I wouldent spend to much on it.
I Have used bathroom scales with the boat ballancing on a board. it works.