Somehow I think not!
I too like Bob, use continuous loop bungee with hooks, and have found that the hooks have got caught on the shrouds on more than one occasion – probably due to my ineptitude. I probably won’t change to individual pennants as I seem to be able to find the hooks reliably in a wind (which is mostly when we reef Matt!).
As a man less young than Matt however I did (if my memory serves me) manage just over the minute in the reefing contest (cruisers never race, do we?), but the judge (who in my opinion is biased against pink boats) marked me down for sail shape {:-(
David