yep. I think the twist serves to narrow the width at one point to make it easier to poke a line through, would at least if the tape folds at the twist.
Can't say that I've found it to be an advantage. I put tabs in on a beak yesterday, took 1" grosgrain, folded in half the long way and ran a stitch down the long way to make a sturdy 1/2" tab. Thin enough to poke cord through easily, no funny geometry.
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