I don't see why not. In some classes (18 Sq Metre comes to mind) the rudder IS measured as part of the hull length, if it is wider than 3"; I'm not sure whether that's at the waterline only, or at any point. Also, the I14 skiffs are using foils, not to increase waterline per se, but to "trick" the water into flowing as if the hull were longer. It's working extremely well.