My '85 Hobie had reef points and 2 slugs on the halyard, the second one to allow you to hook at the reef point. Hobie did away with the reef when they came out with the comptip mast. The long length of wire on the halyard defeated the purpose of the comptip (electrical insulation)so the newer halyards have only one slug. If your boat is '85 or older and hasn't been retrofitted with the comptip, you should have the halyard that would allow reefing.
I single hand most of the time at a weight of 190 lbs. A combined weight of 250 should be adequate in most conditions.
Howard