I see the pvc as being too slick to provide enough friction to hold the hitch without slipping.
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Are you able to get it under your tarp? My CL's coming off my hammock are short enough that it's under the tarp. Right now, I'm using a Dutch whoopie hook (Attached to UCR's) which is suppose to act as a drip ring as well.
Of course, you could always tie a piece of cloth the old way which was fine.
As far as slickness, can you rough up the pvc with coarse sandpaper, or even paint with a thin coat of flat spray paint? Just an idea.