Pas,
Here's my spin on reefing the jib. If you are burying the leeward pontoon, you need to let the jib out a bit, or stand further back when you hike out. Sometimes you run out of real estate to walk backwards, so you have no choice but to hike out. Also, you need to remember that the jib is what pulls the bow around during at tack, so if you are screaming along and only have half the jib out that's great, but when it comes to tacking you could be in trouble.
My final answer is to dont reef the jib, just let it out bc you will need her full size when you tack.
Captain Noah
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