I have sheet-to-tiller steering working on V1030 as my main autopilot.
It works on all points of sail, but is *much* better with the wind for'ard of the beam.
It's a v simple system and works far better than any helmsman, but there are some important points to note:
purchase good block
-- you want *no* friction in the system
purchase the best pre-stretched line
--you want all the *feedback* from the mainsheet to be translated directly to tiller control, not going in to stretching the cord.
use surgical tubing and not bungee cord
-- the part of the system that does flex needs to have a linear response to force: ie - pulling twice as hard gives twice the stretch.
it's cheap, easy, works fantastically (ie - for *hours* on end) and will offer the a fine education in sail trim
doesn't work at all (obviously) running under bare-poles though so the navik is still king
Let us know how you get on,
Adam