Chet,

When the comptip mast was introduced, Hobie did away with the reef point and the "slug" on the halyard that allowed you to shorten the sail. I believe it was done to eliminate the length of wire on the halyard so it wouldn't be able to conduct electricity from overhead wires or lightning down to the metal part of the mast.

My boat is an '85 without the comptip which I bought new. I reefed once and didn't feel like it was worth the effort. My new sails don't have a reef point. I have been wondering if installing a furling jib would be a good idea and solve your problem.

Howard