I've had the Bristol rigged with both kinds of headsails. Each has its advantages: a hanked on jib will point slightly higher than a fulrer jib; however, it didn't seem to make any difference with the Bristol. A furled headsail creates a lot more windage than a bare forestay--something that might affect the boat at anchor. The furler allows some level of reefing which a hanked on headsail usually doesn't--you can have reef points added to a headsail but it's a pain in the ass to reef. A good furling system like the Hood makes handling the headsail easy as pie. But the more important thing to keep in mind is to get comfortable going forward to the fordeck, whether you have a furler or not. Some people become fearful of getting out of cockpit when the conditions get stinky, and that reluctance will invariably get them into trouble. It's better to get comfortable going to the mast and the foredeck when you need to, regardless of the type of headsail you have.
On the subject of toggling, I believe all the stays and shrouds should be toggled at both ends.