Reefing is easy but there are limitation that have been covered earlier in this post. Think simple, there is no need to get fancy.
You must reduce sail to a point past the comptip. Lower the sail to this point and mark your reefing points, tack and clew, and several other grommets to secure the unused portion of the sail. Take the marked sail to your local sail loft and have the patches and grommets added to the sail.
Change the halyard line to one with a spectra core. Add a standard horn type cleat to the base of the mast. Mark the halyard to let you know where to cleat it when reefed.
Rig the boat as always. You can reef this system on the water, but as we all know, it is easier to unhook the halyard ring on the beach. The same is true with the clew end of the sail and the lashing of the unused now rolled up sail.

One other point. The new clew is going to be further down the boom so you will have to modify the boom to allow the slider to move to the new clew point. Also note that if the clew is too far towards the mast, there will be leverage placed on the boom (read as potential

failure point for the boom). Note this before any modification to the sail is made or any expensive spectra halyard is purchased.