I personally use the hook down method, as stated above you just take the weight off the lines and they fall out.
From memory, the concept behind the hook up thing is to do with catapults.
If you think you are about to be catapulted you just bend forward and as the sail get ripped out of your hands, the line just exits the top of the hook and leaves you standing on the board.
I think it also had to do with the fact that the original harness lines were merely loops of rope and being so sloppy they would fall out of the hooks really easily, so hook up meant they would stay "connected" easier.
of course I could be completely wrong

