The lead on the jib looks like it was set for a much deeper reach. (I have a loose footed main too.) In light, flucy air it's sometimes a good strategy to let a large jib deal with the oscillations.
Most of the time, I'm thankful that someone doesn't take a snapshot of my sail trim.
We like Belfast, Penobscot Bay in general. Could have been any number of places up there over the last 7-8 years, or so.
Below is a picture of your boat in a pursuit race on a very close reach.
Steve Grigg
s/v Ladyhawk
J/160 #12