Moving the ballast to the bow and stern will
increase the moment of inertia of the hull - it'll take more effort for the model to pitch than if the ballast was nearer the centre. (Think of seesaws, and moving weights along the arms.) I'd suggest the model may be somewhat wetter, but would pitch more realistically (i.e. slower) than if the mass was in the middle of the hull.
The same effect will occur in a roll, with regards to the ballast on the centreline or away from it. A slower roll will happen if the ballast is further from the middle.
Things get more interesting as the ballast is placed
higher up the hull, especially at the sides. As long as stability isn't compromised, you'll get a slower roll as the ballast moves up, and less "toy bobbing".
Definitely experiments for the indoor test-tank!

Andy