I finished running the new reef lines today. It took more work then I thought but I'm happy with the results. I replaced all the reef & outhaul sheaves, ran a new line and replaced anther, installed a new sail and sail cover and a few other little things. See pictures below.
The most difficult part was running the new line thought the boom. The opening closest to the mast was just large enough for the line and it made it very difficult to secure the new line to the old line. Also, fishing the line was very difficult.