I have never capsized in this boat, even with all I have been through. I even paddled this boat with some 17 foot touring kayaks/friends on a 27 mile trip down the Tennessee River.
I am very sad they stopped making it. I have kept up with the big boys in their 17 foot touring kayaks without any problem on EVERY trip I have been on. None of my friends with those larger boats ever questioned whether I could keep up with them because it was never an issue. It is a great cross between a touring boat and a day touring/recreation boat. It has a wonderful amount of room in the cockpit, is very stable, and again, has many of the features found on a full touring kayak (nice Phase 3 seat for example). While it is short on length, it makes up for it in width to store iems.
I just recently purchased a Cape Horn 170 (soon to be discontinued as well), and I can honestly say that the Cape Lookout would have served me just as well had I not purchased the Cape Horn. The only difference is a little more top bulkhead protection (straps and lid as opposed to rubber caps) and more storage space. The Lookout, if you can find one used, is what I would term a great "hybrid" "all around" boat between full touring and day touring/recreation. I even used it one time among canoe folks going down a very small river in a National Forest, a far cry from it's original intention. I got some laughs from the canoe guys! Other than me being nervous about damaging the rudder by slamming the back of the boat with the rudder into a rock wall, it did fine! I highly recommend this boat, especially if your are new to kayaking, or want a "general all purpose" boat.