That is the Tibloc Brian. There have been a few folks use them here before....the killer is it won't grip on the smaller, lighter lines that most of us use for suspensions. That looks like the stock HH suspension lines...which is on the low end of what a Tibloc will grab onto. Some time back I check with some of my old contacts at Petzl about making a smaller Tibloc for hammock suspension use...they were not interested.
Keep an eye on it for rope wear...any slip of the Tibloc would shred that smaller cord.
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