HI Cammd,
I had this setup and I liked it. Whether you use one hardpoint for all reef strops or more than one would kinds make itself known just by looking at it. I had three different hardpoints, one for each, but there is no reason why just one or two wouldn't work if the geometry looks right.
The advantage of the strop is you clip it back to its hardpoint which is neat and tidy. You only have a 6/12" loop of dyneema that dangles, so nothing banging on the mast.
The pic is when we were playing around getting the length of the strop right. You can see the hardpoint on the mast which we clip it back to.

This is the hardpoints for reef 2 and 3. The lowest is Reef 2 and highest is 3. As you said, the higher offset for reef 3 is to get over the stack of battens and cars you end up with. My cars were quite tall which made it worse. Reef 1 is on the other side where you can also use the cunningham strop for tensioning.

Cheers,
SB