In
WoodenBoat #43, November/December 1981 you will find a wonderful article about the
Sea Bird yawl designed in 1901 by Thomas
Fleming Day. The basic design was an evolution of the Chesapeake Skipjack still in common use when SeaBird was designed. In 1911 TFD crossed the Atlantic in the prototype SeaBird.
Here:
https://sailboatdata.com/sailboat/sea-bird-26-1909 you will find her "numbers", as well as arrangements drawings and the sail plan.
The sail plan shows a sail sadly missing in modern boats which for reasons well known to most of us, but to the regret of some of us, possess rather too many of the traits appropriate to
racing boats, and too few of the traits appropriate to cruising boats. That sail Day and his crew called, with affection, their "foolish sail". It was a square sail set on a yard and it served the purpose that in modern boats is served by that intractable total PITA called a
spinnaker.
The way you ask your question predisposes me to think that you are not yet thoroughly familiar with the elements of yacht design. I therefore commend to you the
classic Skeene's Elements of Yacht Design by Francis Kenney. That book will take you a very long way towards understanding why boats loook the way they do, why they have the shape they have.
Please have a look at the data sheet for the SeaBird. Note particularly that she has a Sail Area/Displacement ratio of 26.65, which is MUCH higher than that number for a "modern" boat. Note also that she has a Displacement/Length ratio of 170.66 which is MUCH lower than that number for a "modern" boat. That these numbers are what they are - so different from modern practice - is what disposes the sailplan toward the yawl rig rather than a plain
sloop rig. This in turn has implications for the boat's behaviour at sea, and the way you handle it. Among other things, it means that the boat isn't much as a racing boat, but she is an easily handled cruiser. Note also that she is a gaff rigger, i.e. she has a low aspect ratio rig as opposed to the high aspect ratio rig that is appropriate for racers. It is this fact (that the rig is low aspect, i.e. has a Centre of Effort disposed not too high above the Centre of Flotation, that enables her, in conjunction with her "flat" bottom (low deadrise) and "hard" chine) that enables her to stay on her feet and sail well in a hard blow.
Now, if you let me :-), I could cary on - and on. But my purpose is only to show you that your question, as asked, is not really amenable to a simple binary answer such as "flat bottoms are good" versus "flat bottoms are bad". But that you are asking the question at all means that you are off to a good start :-)!
Do get Francis Kinney's book. It is well worth the few bux it costs. Beyond that, there is literature that will take you the rest of your lifetime to internalize. But when you done that, you will know the answer to the question you asked :-)!
You might like to know that in my callow youth I actually did own a SeaBird. You might also like to know that if it were not so difficult because a previous owner of little understanding rigged TrentePieds with one of those god-forsaken mast-mounted
roller furling devices, I would give her a "foolish sail". They are the cat's pyjamas for a cruising man!
All the best.
TrentePieds