Loose Footed Main
A loose footed main is easier and faster to trim-- that's the main benefit.There is no more 'power' unless you increase it's size and Roach and then don't mind the battens possibly hanging up on the topping lift and/or backstay.If you are racing, I'd go for a loose footed main, a full top batten and the remaining battens extra lenght "IOR" battens -- no PHRF penalty.Full battens are moere of a cruising option and add more weight aloft but may make it harder to shape the main in light air.Now how about your jib/ Genoa which is the real 'horsepower' on a masthead rig.Could you carry a larger Genoa? Would you want a 155% for lighter air?Can you drop the 120 out of the furler and hoist a 155% on that foil?Do you have a shoal or deep draft keel? What are the wind speeds in which you typicaly race. For a deep keel boat in light air a 155% may be right; if winds are always in the high teens and up, your 120 may be perfect and you'd might get a higher rating with it(lower PHRF numbers being the boat is expected to be faster with the larger headsail).There are other improvements to be made to a masthead rigged boat; it's controls, boom vang, cunningham, backstay adjuster, etc; but the size of the main is limited. However; If your interest is not racing, forget most of this and look into an asymetrical cruising chute.