Good grief! Let's do a bit of math, shall we?
View attachment 100294
100 pounds at station 108, the farthest-aft point of the baggage compartment, gives us a moment of 10,900 inch-pounds.
A five-pound weight, as you recommend, at station 228.68, the tailcone bulkhead, the farthest-aft point we can attach anything, gives us a moment of 1143 inch-pounds, or about one-tenth of the CG correction of what the 100-pounder will do. We'd need 50 pounds back there. Not much room for that, even if it's all lead. That bulkhead is only about three inches wide, and maybe there's four inches of vertical space. The lower elevator cable runs through it. And it would be permanently stuck there, making a problem if we wanted to load the airplane with a bunch of baggage or freight or something. You'd lose 50 pounds of useful load (can't throw it out) and the CG might end up outside the aft end of the envelope.
Water will freeze in cold weather, splits the containers, and then saturate everything once it melts.
In the flight school we made up ballast bags. We used old truck inner tubes, sections about 30" long, wired one end shut, filled them with rice, and wired the other end shut. Not going to freeze. Easy to tie down. And if we were forced down in the middle of nowhere on some long cross-country into the sparsely-settled areas (lots of that up here) we had lots of food. Just need some water, a container from the survival kit, and a fire. It was an idea from one of our MAF guys that had flown in Africa, where there are plenty of places to disappear if something quits.