With lightweight planing centerboard racing boats sometimes its best in heavy gusts to pull the board halfway up ... this allows the boat to skid to leeward a bit so that it doesnt heel over so radically. Changing the CLR to a more 'rearward and up' position by rotating such a board partly up will counteract if the helm pressure radically increases when the boat aggressively heels --- it allows the bow portion of the boat to 'skid off' instead of 'digging in' which cause the boat to more 'round up' when heeled.
When above a beam reach, one still 'plays' or momentarily drops the traveller instead of releasing the mainsheet (which can 'power-up' a mainsail, especially if you dont have a vang) during those moments when the boat is overpowered - called 'blading-out the main'. That may be a technique that will keep your boat on its feet; but, will depend on the mechanical advantage of your traveller controls. Another way to explain this is that instead of 'feathering up' by turning the boat into the wind, the boat stays on a somewhat straight course and the 'feathering up' is accomplished by momentarily 'dumping the traveller' to keep the boat on an even heel angle ... but hold onto your hat as you will greatly accelerate.