Over the years a number of sailors I've spoken to have minimize the use of telltales. If I'm on their boat during the discussion the next things I look at at is their outhaul and jib fairleads to see if they are functioning -- on older Catalina's most times neither of those are working either.
There is so much to these little pieces of plastic film or yarn that it took me 5 pages to cover it all and I'm not sure I did so. If you were using a highlighter all 5 pages would be yellow!!
The common attachment points for the JIB are at 25%, 50% and 75% and on both sides about 12" back from the luff. The most important set to watch on the jib are the MIDDLE. The attachment points on the leech of MAINSAIL are similar to the jib. You can use the battens as a guide. The most important mainsail telltale to watch is the TOP.
In my opinion that's the basic and minimum set up for the cruising sailor. "since there's no difference between cruising trim and racing trim. There's only a right way and a wrong way to trim your sail" - Dennis Connor's words not mine - I added a few more telltales. I attached a set to the middle of the mainsail about 1/3 back from the luff. I added one to each shroud. When I was demonstrating the effect of wind on the sails (attached flow) to beginners the extra telltales made the understanding so much easier for them because they could see it. As danstanford pointed out the America Cup boats have telltales all over the mainsail..
Over the Xmas holiday I was talking to a friend in Auckland, New Zealand - it's summer down there now. I met him by pure chance. We were on a cruise and the high point for me was to sail on the America Cup boats but the weather was too rough for them to go out. Anyway, he see's my wife and I wondering around the docks and we strike up a conversation. I love the folks and sailors from Australia and NZ - it only takes them 5 minutes and you are their best friend!! We saw his boat, he took us to his home to meet his family, we had dinner and spent the next day with them. Sorry to run on about that but it's winter and what else have you guys got to do but read a bit. Plus the covid knocked me for a loop and I had no interest in much of anything and I'm just now getting back into sail trim.
He's a cruiser like me but he wanted to squeeze a little more speed out of his Catalina 30. Here's what I suggested. To accelerate you need LIFT. Along with lift comes DRAG. If both telltales are streaming you're at the highest point of the lift/drag curve. Lift is highest but so is drag. To get a little more LIFT you want to push it a bit more. With both telltales streaming you want to get the windward telltale to FLIP. The "flip rate" in medium wind is about once every 3 seconds. In winds above 15 knots it's about once every 2 seconds.
Why is the top telltale on the mainsail the most important?