Of course, the particular combination of sails and helm position will really depend on the specific boat and wind/wave conditions. What works well for one boat, may not work at all on another. What works well in 30 knots of wind may not work in 40 knots.
You got that right.
Hove-to on a full-keel crab crusher with only a reefed main up is a good way to do this; but, on a deep fin its going to be 'squirrely'.