Sprit Reduction?
I for one have not heard of a bowsprit that is anything other than permanent. Im not saying it doesnt exist, and i could figure out lots of ways to do it. But like you said, "The bobstay is connected in series to the forestay." If you were to move the bowsprit, then the forestay and bobstay would also have to be re-tensioned. Doesnt make sense, especially on the historical boats.Like Alan said, the bowsprit extends the boat out more forward to allow for a larger sail. If the weather kicks up and you want to reduce sail, what is usually done is that you drop the sail on the forestay and you have a smaller sail on an inner stay,which is usually parallel to the forestay but closer in toward the mast. Depending on the relative positioning of the mast and the size of the fore triangle, it would then be a cutter rig or a double headed sloop.