Disclaimer: The following is personal opinion only and is not refelctive of anything other than a quick thought process in my own warped mind.
For _ME_ (note disclaimer) the bar seems more awkward in that I would need to work blind if you will. I other words, I can not directly see the connection as I want to make them. I don't do that very well. Secondly, there is a looseness inherent in that technique which bothers me. If the ring is passed through the buttonhole then line can be lashed around the ring tightening the joint before it is passed on to the next ring. Thirdly I tend to trust holes I intentionally make more than holes that happen accidentally. The ring/buttonhole means only one item to be torn off in a sudden gust. The bar could potentially be two, while the grommet eyelet system has no hardware to tear a hole unless the grommet tears out.
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