My club is probably about the only one in the US that flies low-tow as
default. I fly an ASW-20 (cg hook only) in low-tow all the time.
Concur that if you are in the correct position (just below the wake)
and initiate immediate turn upon release, there is absolutely no issue
with the rope. It goes forward, I turn - no issue.

Should also say that unfortuantely (since I'd prefer to be in my
glider) I spend as much or more time at the front end of the rope and
have to agree with bagger - never had an issue running out of elevator
when someone gets a bit (or even a lot) low on low tow, but reversing
that if someone gets 1/4 as out of poistion going high on high tow, it
gets nasty fast or they get fed the rope. Thats why we fly low-tow.

IC