On just a quick glance, I'd surmise that this knot
is well less secure than the conventional knot,
because of the intrusion on the first turn of its
gripping coil by the tail. (E.g., I've tried doing
the tucking through this coil --or 2-- with the tail
like the ProhGrip/Blake's Hitch and found that
things got worse.)
Moreover, overall I suspect that its integrity/stability
is made dubious by the finish as well.
But, if it works for his hammock (particular material
and load ...), I'm happy that he likes it.
Cheers,
--dl*
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