firehoser, the halyard has no relation with the clew of the sail, so you can't really do what you are suggesting by increasing tension on the halyard. I think in an ideal world, you would want to have the same sail controls with a reefed sail as you do with a full sail. If you use a separate reefing line for the tack of the reef, then you can control it just like a cunningham. The problem becomes what to do with the clew. (Actually, my reef tack is held with a rams horn, so I don't worry about flattening the luff.
I've often thought that it would be a simple matter to disconnect the outhaul shackle from the clew and reattach it to the new clew when reefing the main (in fact, I have often done it). Maybe that is because the end of the boom is readily accessible in my boat and I don't have that much material to sort out when reefing. But it also strikes me that sail shape is just as important when reefing as it is when sailing with a full sail. With the outhaul reattached, I would find a way to use the reefing line to simply hold the clew close to the boom no matter what position the outhaul is in. This way, sail shape with a reefed sail would be far more effective ... you don't have the problem that's created by easing the reefing line.
It is probably because we don't have the discomfort and danger of large waves on an open body of water (we don't get any waves at all), but I'm always looking forward to those single reef days and even a double reef day is a welcome challenge (we finally had one of those days in October after a summer with absolutely NO wind.
All windsurfers know that increased winds are welcome and sail shape is just as important with a small sail as it is with a large sail. You don't over-flatten with a small sail just because the wind is too much for your large sail. Any windsurfer will tell you that an over-flattened sail of any size feels like holding a barn door in a high wind compared to the comfortable feeling of holding an air-foil with just the right shape. You can't sail a windsurfer with an over-flattened sail nearly as well as you can sail with the right sized sail trimmed with correct draft depth and draft position all adjusted by trimming the outhaul and downhaul just right. I have to think that it is the same with a sail boat.