I'm very surprised by all this talk about USCG and other official requirements/ approval.
Hey, we are all skippers with resposibility for our lives and that of others on our tramp.
So I would say the official required buoyancy is the MINIMUM you should have. And please forget the false story about the alleged trouble you are supposed to have with lifevests.
I never go at sea without one, and never feel restricted in my movements. See my vid starting at 3:11 min:
https://www.youtube.com/watch?v=kMKThlRmCGEThat is to say; you can't swim with a lifevest!