If your rock displaces .7 gallons/lb, then there's something wrong. (unless I misunderstood your number, then I'm wrong
I have about 30 pounds of rock in 1 tank, and it displaces no more than about 2 gallons. I also just put 15 pounds of rock in a 10g nano tank and it only displaced HALF a gallon!
Your mileage may vary ... and you might want to test some of your rock to see exactly how much water it displaces. THEN, it would be easy to do some math on the weight of the displacement along with the weight of the added rock.
In my case...
30 gallons @ 8.4lb/gal = 252 pounds (water only)
2 gallon displacement = 16.8 pounds
252 pounds - 16.8 pounds + 30 pounds rock = 265.2 pounds
That's 265.2 pounds of water and rock only for my tank. Total weight, after tank, equipment, stand, substrate, fish

, probably weighs in at about 500 pounds. (1st floor, concrete slab, I could have a gigantic tank, but I have a 30g and a 10g nano. Go figure)
If you're using good porous rock, it'll displace less water and you'll probably find that for any given added weight of rock, you're probably only adding NET weight of about half the amount of rock due to water displacement. In my example, my NET weight rock addition was actually LESS than half due to water displacement.
It wouldn't really be possible to have dense rock displace more weight in water than the weight of the rock itself... that's called "floating"

Although, I'd love to see a comparison example from someone with dense rock!