^^This is good stuff, and oh so true! I remember a specific case on my ZX6R at Road America going into T5 (slowest turn on track at the end of the 2nd straightaway, braking from about 150 mph to 35ish), for some stupid reason that I can't remember I had a bit of an oh-shit moment and decided to suddenly let off the brakes completely as I was already halfway leaned over for the turn. Guess what happened...fast rebound back up, lightened up the front end, got a little wobbly mid-turn, but luckily didn't crash. I was amazed that I hadn't crashed to be honest, and I think the thing that saved me was the sticky Pirelli front!
I know that wasn't the only time I did that, but I remember that one well cuz it was pretty scary lol Very important to use the front brake effectively to control the way the forks are behaving. Of course that shouldn't mean that you can skip out on setting up the suspensions well, but when a guy on shitty bone stock forks on a ninja 300 which are like noodles is going lap record pace (for that class), you know a LOT of the work is being done by the right hand, not by fancy aftermarket parts
The 2nd greatest thing about your story SBK, you are intelligent (enough) to recognize how utterly F-ing lucky you were. And your story is a great illustration on fork compression/rebound relationship. There are situations were one is better off trailing the front brakes a wee bit going into a very tight, bumpy corner. And also why one ought not just let go of the lever mid-exiting a corner. As you correctly noted how light the front end gets if the rider merely just lets go. 1) The normal result is losing the front end a few nano-seconds later.
2) Or, as the forks rapidly rebound the rider runs wide - and very quickly; the most common results is the rider & bike run quite wide at the exit, and goes off track. This usually ends unpleasantly for both rider & bike. :scared
Oh yeah, the 1st greatest thing about your story is Your Guardian Angel is grossly over worked, and grossly under paid. I hope you count your good fortune.