My First 38 has one as well. I've heard of Beneteau owners that have converted their stay to have a lever attachment so they could remove it in times of light weather. If you do convert to a removable version, you need to remember to redeploy it as the weather builds - that happens to me with my running backstays all the time - just as the storm subsides I say "that would have been a great time for the runners!".
Given the dead amidship-ness of my shrouds, I sort of like having an insurance policy for a failing headstay. My hard dinghy fits in the remaining space forward, but it makes anchoring a real headache, since it covers the capstan and locker.