Well it depends. You're generally right that you don't want to heel over too much as you'll be dumping more and more wind off the sails at a greater angle of heel.
However, on light days most skippers will have some crew sit to leeward because the sails are cut to be most efficient with a little bit of curve/shape to them. When you're flat the sail will lose some of it's curvature and actually be less effective.
In addition, you'll often gain a little bit of length at waterline with a little bit of heel actually causing you to be theoretically faster.
Lastly, the skipper may be feeling something in the tiller that you wouldn't feel as crew. The boat may handle better if there is some weight to leeward. Only the skipper can tell you on that one
