The laps in lapstrake construction may tend to act a bit like splash rails and keep a bit of spray down, but honestly I think the effect is that small that it isn't really noticeable (in any size boat).
For a real brief synopsis of lapstrake boat building in the U.S. (for boats larger than just little runabouts) I would say that the technique came over to the U.S. from the Scandinavian countries (Denmark, Sweeden) and from the UK (Scotland) and landed in New Jersey. The construction technique was ideal for the requirements of the commercial fishermen in 19th century New Jersey. You see, the Jersey shore is a 110 mile long stretch of continuous beach with only about 4 - 5 inlets along it, and an extremely fertile fishing ground. Being very close to New York City this created a real demand for Jersey caught fish in the 19th & early 20th century. All that beach and so few inlets forced the boat builders and fishermen to develop a type of boat that could work off the beaches and be ?dry sailed?. Lapstrake construction is a light, flexible type of construction that can take some drying out while still staying tight (all of which you want for working through the pounding surf every day). ........ Lapstake construction has absolutely no caulking when built new.
As 20[SUP]th[/SUP] century came (and the marine engine) the boats that fished off the beaches were perfect candidates for the early engines. The small boats of the 1800?s (16 ? 20ft) grew in the early 1900?s to average about 30ft (running off the beaches every day), and in the 1940?s some grew to 42feet, still working off the beaches of the Jersey shore every day. (These were the ?pound boats? of the Jersey shore.)
Also in the early 1900?s, as recreation became more common, the boat builders of New Jersey adapted their boats to the pleasure boat market and developed the ?Jersey sea skiff? that became popular all up and down the east coast, and was often copied (Chris Craft and others copied the popular Jersey sea skiff ).
When building a traditional lapstrake boat, the keel plank, stem and transom are set up, a series of molds are set up and the hull is planked, then the ribs are steamed and bent into place afterwards. All fastenings are copper rivets.