A couple of thoughts
When reaching or sailing upwind you can think of the outhaul as a "gear selector" - eased, it allows the mainsail to be fuller in its lower half. That's "low gear" - good for acceleration and powering through choppy water, but not able to give max efficiency once the boat is up to speed. Then, the outhaul should be tightened to flatten the sail, thus achieving a "higher gear". This will give the highest speed, least heel, and less weather-helm. Of course, outhaul position should be thought of as more flexible than 'all the way in' or 'all the way out' and as you develop a feel for it, its effect on the boat's feel and speed will become more apparent.