I'm with you on this one. After much use I've decided to use the CC buckles pretty much for the reasons you have listed. Mine connect to the hammock with a piece of the same webbing from CC. The only modification I've made to my straps was to use a biner on the tree end and to sew on a water diverter on the hammock side of the buckle. Short of water blowing up under the tarp (which is no longer an issue with the end walls) I've never had any water make it to the hammock body with this system.
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