this is a good thing & is most likely a sign of good conditions.
Conceptually, I can see how polyp bailout could be viewed as a form of asexual reproduction. Piece of the original goes somewhere else and maybe survives.
Asexual reproduction in Euphyllia typically takes the form of the polyp splitting into two, sometimes three heads.
Every instance of polyp bailout I've seen, including my own, has come at low water quality moments in that tank. My observation is that it is a last ditch survival mechanism. Sure, if the bailed polyp manages to survive, that can be seen as a means of reproduction. What I've experienced, and what I've heard is the more usual experience, is a survival rate of zero for bailed polyps.
In my opinion, this is not reproduction, but relocation. The original polyp didn't split into two and send a bud away. The original polyp released itself from its skeleton and departed. It left no living part of itself behind. Relocation, not reproduction.
I've seen polyp bailout in acans as well as Euphyllia, and again when water quality was poor.
You indicate your "dropped bundle" included calcium skeleton. If so, I would not call that polyp bailout.