Not strength...
Hi again,
Another lovely variation, and it might hold promise. But the issue in this case is not strength, but security. The reason for the long bury is that HM fibers are very slick (most knots crawl out of them), so it takes a long bury to generate ultimate friction. I have pulled apart short-buried splices at relatively low loads, in tests, and have heard of them failing in the field.
The Diamond Knot-based soft shackle is weak only relatively; it is still far stronger than a comparably heavy/expensive stainless shackle, as well as being soft. Toggled versions of the soft shackle exist, and they are fast and strong...
Fair leads,
Brion Toss
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