A rolling boil is a boil that when stirred it will still keep boiling.
That's a terrible definition of a rolling boil... BUT, I think it might well be the simplest, easiest and most understandable way to describe how to TELL if you have a rolling boil that I have ever heard!! Nice.
Now to disagree with you -
In a boil, you need to get two things to happen, and you need to work out a balance that allows you to do it.
1] You need to get a certain amount of evaporation - NOT - an amount in litres, a percentage! in order to be sure that you have evaporated your DMS, aldehydes, bad tasting hop compounds and other unwanted volatile compounds, you want to evaporate a
minimum of 8% of your starting volume per hour
2] You need to maintain a physical movement of the wort and the formation of bubbles which reach the surface. This is your rolling boil... the wort needs to physically roll and churn around the kettle, and bubbles need to form. The physical agitation and bubbles allow much of the chemistry in the boil to occur - a lot of protein chemistry happens on the surface of the bubbles, hop chemistry happens under physical force, volatiles come out of the wort and ride up to the surface inside the bubbles.
So - turning a boil down to the point where it no longer "rolls" cuts one of those aspects out. If you have a high surface area pot, you will still get the needed evaporation at a simmer, but you miss the agitation part.
Now you could just leave your flame up, boil and evaporate a large fraction of your beer - BUT - Heat load is bad for beer. The more heat you have to chuck at a wort in order to get it to meet conditions 1 & 2 - the less the final beer likes it. Too much heat load can effect flavour, colour, flavour stability, haze stability and propensity to staling. In general, less heat is better. Boiling "too hard" can do several of the same things and also mess up protein coagulation by breaking apart the bonds in the coagulated proteins and causing them to partially re-dissolve.
Now if your pot has a high surface area - it takes more energy shoved into the bottom to maintain a given level of rolling boil, heat is escaping through the surface (as increased evaporation) and you have to whack more in to get the same level of physical agitation in the wort.
So your high surface area ratio pot is hitting you with a double whammy - in order to maintain a rolling boil you are evaporating more liquid than is convenient or necessary, and to do it you are having to shove in more energy and higher heat load than is ideal (less being better) - you cant reduce your heat load or your evaporation by turning the heat down, because that will kill your boil vigour off. So what do you do??
Well ideally you get yourself a taller narrower pot, where you can natively get a good rolling boil and 8-15% boil off. Normally that's going to be a pot that will give you
roughly a 1:1 ratio between the depth of your wort and the width of your wort. But that's a pretty loose target and will vary a fair bit.
The other way is to somehow reduce the surface area of your pot. The obvious way is to put a lid partially on - all sorts of people will tell you that a lid is a bad idea, but that's only true if you let too much of the liquid that condenses on it drip back into the pot (re-introducing the volatiles that have previously evaporated) A third on, Half on... its just not going to be an issue. If it still sounds like a bad idea - you could get tricky and use a tinfoil hat that allowed the opening to be partially covered.. but channel any condensation away to the outside of the pot. Or, you could do what I do, which is float something on the surface of the liquid. That way anything that evaporates stays evaporated, but the surface area of the liquid is reduced anyway. In a smallish pot, you could just float a takeaway container or a heatproof bowl in there. Experiment with different sized things till you find one that allows you to keep your rolling boil, turn down your heat and maintain a lower % evaporation rate.
Back to disagreeing with Nick - Because I believe the above stuff to be true, and actually think its fairly important for beer quality, I think that to turn down your heat below the point of a rolling boil in order to cut evaporation losses (as Nick says he does) is basically a bad idea. I think a lid partially on, something floating on the surface of the boil, or ultimately a more appropriately shaped pot is preferable. That way any issues, small large or imagined are avoided, its not actually any harder or more complex; and you still solve your problem.
And his way of telling whether a boil is a rolling boil or not is still a cracker, and how I plan to describe it from now on.
Thirsty