Don, I have a 76 V21 with what are likely the original main. A couple of years ago I had a sailmaker add a deep reef point despite the age of the sail. My plan after listening to many more experienced skippers was to start out with the sail reefed in anything resembling questionable weather and simply 'shake out' the reef if it wasn't needed. While my mast is still waiting for me to devise a gate to make this easier, I tried it a few times. I had trouble pointing anywhere near 45* and often could barely progress past 90*. I tried it both with and without my smallish masthead rigged jib.In the end I simply reset with full main, but had to wonder how i would sail home in heavy weather if i couldn't beat against a stiff breeze when reefed. I realize sail shape goes out the window when reefed but I had yet to try the reefed sail in anything over moderate breezes. Is a reefed main only effective in heavy winds? This was really on my mind about a week ago at Lake George where the marina in 'the narrows' is dead into the wind with heavy winds and chop nearly every day(except the day we departed with a finicky motor...)