In a way, Stephen, that's the same argument that I rather clumsily
presented & it doesn't lead in the direction claimed. The inverse taper
of the upper part of the immersed cross-section means that a relatively
large change in pitch will generate only a rather small correcting moment.
You see this at work with any catamaran with wave-piercing-style bows,
even when stationary. Thus I'm aware of more than one incident in which
a coaching catamaran launch was rescuing the crew of a capsized W4x (how
you capsize a 4x is a question for another day).
The cat was a tad over-loaded with crew at the time. One bow was
accessible to a swimmer who tried to climb onto it, which markedly
reduced that bow's freeboard. A supernumerary member of the cat's crew
started to move forward to help to extract the swimmer, whereupon the
bow dipped under.
Had the swimmer not slipped off at that moment, & had the cat crewman
not promptly retreated (a movement that, if too sudden, would also have
tended to dangerously depress the bow), the total loss of righting
moment consequent on the full immersion of that bow (so that any
increase in pitch would generate no additional uplift) would have caused
the cat to further bury that bow and roll right over.
Similarly, a fully-submerged submarine has rather little pitch stability
unless moving - in which case the hydrodynamic forces on its control
planes can fully stabilise it. A fair explanation of submarine-hull
stability factors is given here:
www.marineinsight.com/naval-architecture/understanding-stability-submarine/
So it's sad that, as so often in this hydro-dynamically (&
hydro-statically) rather naïve sport, irrational arguments are used to
justify design changes which may, or may not, provide advantages but, if
they do, do so for totally different & more complex reasons.