David and I have managed to drop the main, and run downwind with the Jib in 40+, but that's not nearly the pressure that 60+ is. That is what I would probably try first, but I'm not sure what the answer is in that situation.
My brother and I did that on the N20 at Hogsbreath after flipping several times when that front rolled through. Much less dramatic than that Dauphin storm. Only about 30 with gusts, and we were on the bay side, so the water was probably only about 2 foot chop.
Rolled the jib and dropped the main. Still clipped downwind on bare poles at 6+ kts. Once we got the main down and lashed to the tramp, the lightning was my biggest concern.
I guess if it was blowing 60+ I'd be concerned that the wind would get under the tramp and flip it (even with the sails down)....especially if there were large seas which would likely catch the trampoline at the crest?
And all you Worrell/Tybee veterans... Surely you faced rather ugly conditions out in the ocean... How did you handle white-out squalls?
I know one of you got dismasted and jury-rigged a sail to get back to land...
