Quote
Is this the theory behind the Prindle MX pole?

The MX pole is really to just move the jib tack down. This is more like flying a staysail spinnaker on a cat.

Keep in mind this is an experiment. Start small and be prepared. For example, it looks like the Wave turns downwind instead of into the wind when you right it with the jib on a pole. Think of this as something to try when the wind is blowing 5-10. If it works you can try it in heavier air.