Though I use this slipped half hitch (with a slippery finish) all the time for non-critical light load applications, after reading this thread I think the midshipman's hitch would be a better choice. (thanks WBJOHN or pointing that out)
No plan on falling overboard in the middle of the woods, this still can be relevant to how we can use it, tied under load, not constricting, and adjustable:
"A bowline cannot be tied under load. Two Half Hitches will slide and constrict [you]. The Rolling Hitch is the answer. Even as the second turn is tucked “up” into the correct place, the major strain is taken and the final Half Hitch can be tied with less urgency."[https://www.animatedknots.com/midshipmans-hitch-knot]
And it probably will work really well with a slippery finish.
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