The solution might be to change the sail configuration.
One that has been shown on film (Waterworld) is the telescopic mast. but to the best of my knowledge the boat that they used with the telescopic mast was never actually used for sailing.
Therefore you will need to change to a rig that allows more sailcloth lower down, a gaff rigged topsail cutter
comes to mind, preferably with a top mast that can be easily rigged and lowered.
Alternatively , the addition of a mizzen mast would also allow heightt of mast reduction.