Originally Posted by TeeDee
Convenience - that is the biggest reason - wrap and clip - it is simpler than threading the webbing through a loop on the end of the webbing.
Using the CAMP Nano biners at 0.8 oz each, you're only paying a 1.6 oz weight penalty. Leave them clipped through the webbing end loop and you don't have to even be concerned about another piece of equipment - they become a part of the webbing.
And you can also leave the strap threaded through the rings which you can't do if you have to thread the strap through a loop first. That makes it much more convenient and quicker.