Soft shackle question

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I was actually thinking about a diamond knot that is inverted, so the line wraps around the back. This way you have a large bend, instead of compression. As I understand the line it has two major weaknesses, compression, and lack of friction. My thought is that by using the body of the knot to absorb some of the load before the compression point it might work better.

Unfortunately I haven't been able to spend the time working on it. Hopefully in the next few days, but I just bought a new boat... So it is outfitting time, and the shackles I have are working fine.....