Jake,
Thanks for the link!
Some remarks:
1) An "airbag" is not a good idea because it is activated by explosives. A small gas cilynder is better and safer. That's why I prefer to call it "automatically inflated masthead float".
2) If we use a fixed device in the top of the mast, then one can not take it out for races. This makes maintenance more difficult. In my case, this means I would not give it any... so I prefer to have it attached to the mainsail, with freedom to use it or not.
3) The mast top is subjected to high accelerations when the boat moves in waves. A sensor activated by the angle would require LOTS of damping to avoid accidental activation. It is feasible, but not simple, nor imediately available in the market (I think).
4) If you agree that attaching the device to the head of the mainsail is the best choice, then activating by pitch angle doesn't work, because the sensor may (will) be activated when the sail is floggind, being hoisted or lowered.
BUT if the only device available was a fixed one, activated by explosives and using a pitch angle sensor - I'd use it anyway.
If a water activated, gas filled, masthead float that can be attached to the head of the mainsail ever becomes available - I'd prefer that.
Cheers,