Yikes, that's confusing! Thank you for the feedback everyone, I'll try my best to work through it, and will definitely fix the lye concentration.
Yes, soap making can seem to be a bit on the confusing when first starting out.
"Water as % of Oils" is supposedly a simpler way of calculating how much water to use based on oil weight, but you really have to understand the effect that 'water' has on the soap making and curing process. The more 'water', the longer the cure time.
At the very least, you need as much 'water' as you have lye because lye needs its own weight in water in order to dissolve. It should be noted that 'water' doesn't just mean Distilled Water...you can use milks (like goat, buttermilk, coconut), you can use Aloe Vera juice, you can use beer, coffee, whiskey, fruit juices (beware the sugars) and/or you can use a combination of any.
"Lye Concentration" is slightly deceptive because you aren't adding more lye...whether you go with a 33% LC or a 40%, the amount of Sodium Hydroxide you use doesn't change, but the amount of 'water' does. For my recipe (16 oz Oil Weight), with a 33% LC my Lye is 2.21 oz and my water is 4.49 oz. During the Fall/Winter, I go with a 35% LC, my Lye is still 2.21 oz, but my water is now 4.11 oz.
And to add to your (temporary) confusion, is understanding why the Lye amount doesn't change and also why it is recommended that you use a
Soap Calculator when trying a new recipe, when modifying a recipe, when resizing a recipe, and that is that every oil and butter has a
"Saponification Value". This is the amount of Sodium Hydroxide that is needed to turn your oils and butters into soap and each oil and butter has its own requirements. As an example...if I remove the Cocoa and Shea Butters from my recipe and increase the Olive, Coconut and Palm Oils...at 33% LC, I need 2.26 oz of Lye.
I really don't want to have to go out and buy more oils though, can this recipe be salvaged at all using what I already have? Increase the Shea perhaps?
Here's the thing. Your recipe will make "soap", but it most likely won't be something that you will enjoy and why waste your time and money on something that you'll be disappointed in or could potentially turn 'bad'. While DOS (dreaded orange spots) is mainly cosmetic, no one likes soap that looks like it has chicken pox. LOL
Olive Oil and Lard can be found at your local supermarket in the baking aisle and Castor Oil usually in the pharmacy aisle (or chemist shop).