I have done that with the jib on a Farrier F-24. The pendant goes from the sail head ring to a shackle, luggage tagged on both ends, which I feel allows no movement and therefore no chafing.
It has been in service for a year and has been perfectly reliable and shows no wear.
I think it is 3/16" Amsteel made into a continuous loop.
I made a couple of different lengths to make sure it came out right, so I wasn't very careful about making the length right the first time.I was just learning so I figured doing several would give me more practice anyway.
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