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Only that if you release Castile (or later Spain) they will get most of your provinces and you'll be shrunk again. Perhaps releasing Portugal is a good idea though...
I used some of these tips for a 2 player MP game (no, the other player was NOT Castile ), and they worked like a charm. I snapped up the Iberian Peninsula in no time. My problem is the aftermath: I don't seem to be making enough money to convert anyone, and the cost to regain stability is so high (even with mostly narrowminded and serfs) that I spend half my time regaining stability. Any ideas for getting money in this situation?