An angle of loll (AOL) is a symptom of serious stability problems. Basic stability theory imagines a point called the metacenter, which represents the stability of the ship. (Point M on Figure 2‑1) For a stable ship, we want the ship’s center of gravity (point G) to be vertically below the metacenter.
When a ship has poor stability, the points M and point G are very close together. With an AOL, when the ship is upright, the point G is actually above M. End result: the ship is unstable within a small range of heel angles. That is very bad.
We can also see this instability in the righting arm curve. (Figure 2‑2) Initially, the curve drops negative, and moves back to positive after some angle of heel. That crossing point is the angle of loll.
Sure, an AOL is annoying. But the real concern is that an AOL is a symptom of a borderline unstable ship. And unstable ships capsize.