No. Blue is leeward
boat and rule 11 allows
her to luff only if no other rule conflicts - the requirements of
rule 18 do here. Rule
18 begins to apply when the boats are about to round, and this is always
the case when one of the two boats has reached the two-length
zone and it is often earlier (see also case 84). As of this
moment, rule 18.2(a)
applies and Blue must give the inside boat (Red) room to pass the mark on the
required side and Blue is not allowed to sail with Red on the
wrong side.