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I don't think you get a pull direction closer to tangential than with that one
Dredge (ish), but as somebody just called attention to this discussion, I should probably address your point properly.
Yes, a jubilee clip does a very good job of approaching a tangential pull on a floppy strap - these are good things. My concern is that the minimal thread engagement and coarse thread pitch might not be capable of generating the required circumferential tension.
I don't think you get a pull direction closer to tangential than with that one.