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When i first read this post, I thought you were talking about the fixed eye too and it sounded intriguing. However, the more I thought about it, I like the KISS methodology (keep it simple stupid) and you can't get much simpler than a fixed eye that can be larksheaded onto anything (or to which you can larkshead anything, including a continuous loop).
Well after I thought about it and read the responses I did just end up doing a fixed eye on the end but I made it 30ft long, I think that's a bit too long.