stay safe......
....and there are lots of folks here who are happy to help.
Just so you are clear- you cannot "manually" reef the sail in the way you are describing. The reef lines are there to make sure you have the correct tension on the correct parts of the sail after you have reduced the area. Even if you were to luff up and lower the sail, you still need to use the reef line to pull the clew down and aft at the correct angle, and you will need to bring the line to a winch or some type of purchase in order to get sufficient tension so the sail is shaped correctly. If you try to secure the reef clew grommet either by hand, or somehow use another line around the boom, it will not be tight enough and/or the clew will be too far forward and not close enough to the boom-this will result in an overly deep sail with stress loading in places which were not meant to take it.
If you elect not to rig any reefing gear, you best and only choice is to lower and stow the sail completely if it gets too windy for comfort, and BTW-this is a workable choice.
The black band is intended to indicate the "E" dimension of the mainsail (distance from the aft face of the mast to the designed limit of "E", which loosely equates to max designed foot length). This dimension is shown on the designer's sailplan and the sailmaker designs the mainsail foot length to match this dimension when the outhaul is at max tension. So, unless the sail was designed short on the foot, you should be able to tension the sail out to the edge of the band (assuming it was located properly-which is easy to measure and verify-just run a tape measure from the aft face of the mast along the boom until you reach the published "E" dimension. In your case, for the 27 it should be 10' to the front edge of the tape)
The "belly" you are seeing is by design, it is called a "shelf" and is meant to add depth to the lower section of the sail when the outhaul is eased in lighter winds. The sail is designed so that it will disappear as you stretch the foot with the outhaul, thus flattening the sail and depowering it. Betcha 10 bucks if you crank on the outhaul it will flatten right out.
Stay with it-you are on the right track! Ask lots of questions and have fun.
Cheers,
S