Whether "slippery" is good or bad depends on what you're trying to do at the moment. If you're trying to carry a heavy load with a very simple knot then it may not hold. But if you're trying to untie a very simple knot that has been carrying a very heavy load without slipping because it's not slippery, then you've got your work cut out for you. I regularly hang with a single line of 7/64" AmSteel tied off with a slippery half-hitch with a toggle through the loop. It holds because I take three turns around a ring before tying off. The three wraps take so much of the load that there's hardly any left for the half-hitch. UNtying take about two seconds no matter how long I've hung.
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