I also question how much 'lift' we need from our sails considering that the very large percentage of the lift force on our sails is directed athwartships rather than in a forward driving direction
That's an interesting subject in its own right. It's important to know what we're trying to achieve.
If you were writing a VPP code (which balances the aerodynamic & hydrodynamic forces), it would be important to know that the maximum speed on a given point of sail would be when you trimmed the sails in such a way as to minimize the sum of the aerodynamic & the hydrodynamic drag angles. Each drag angle is defined as the arc cotangent of the lift/drag ratio. While that nails it down for the code, it doesn't give a practical sailor much to sink his teeth into.
Looking at some special cases can help though.
The simplest special case is the idealized iceboat, which assumes that the runners can provide whatever sideforce is necessary, but with zero drag. In that case, the maximum speed in any wind direction is obtained by trimming the sail for maximum lift/drag ratio. (where it should be emphasized that the lift & drag from all sources need to be included, & limitations on heeling moment would of course need to be considered). This might be a practical result for iceboats, but usually not for softwater sailors.
Another special case which is much more commonly applicable is the case where the hydrodynamic drag due to sideforce is a small part of the total hydrodynamic drag. This is the situation much of the time, especially for heavy keelboats where the drag is dominated by wavemaking drag, but also in many circumstances for light-displacement boats. In this case, the sails should be trimmed in order to maximize the thrust in the forward direction (again, subject to heeling moment limitations).
To get the thrust & heeling force, a straightforward rotation of coordinates is applied :
T = L * sin(beta) - D * cos(beta)
S = L * cos(beta) + D * sin(beta)
where L & D are the aerodynamic lift & drag components (including the sail + everything else in the air), T & S are the components in the forward & side directions, and beta is the apparent wind angle.
From these relationships, you can see that maximum lift is the optimum at beta=90Deg (~beam reach) & maximum drag is optimum at beta=180Deg
(~dead run). At values of beta smaller than 90Deg., the optimum lift is somewhat less than maximum, but also larger than the point with max L/D.
This is illustrated by the attached figure from Marchaj's 1st book (
Sailing Theory & Practice, which I recommend highly to anyone interested in this subject.