The classical dynamical model for reactions induced by weakly-bound nuclei at near-barrier energies is developed further. It allows a quantitative study of the role and importance of incomplete fusion dynamics in asymptotic observables, such as the population of high-spin states in reaction products as well as the angular distribution of direct alpha-production. Model calculations indicate that incomplete fusion is an effective mechanism for populating high-spin states, and its contribution to the direct alpha production yield diminishes with decreasing energy towards the Coulomb barrier. It also becomes notably separated in angles from the contribution of no-capture breakup events. This should facilitate the experimental disentanglement of these competing reaction processes.