I've used rings for years since they make adjustment easy. There is a risk of catching them with a sheet (especially when I used the blade on my boat). I have not taped them since that defeats the purpose of using a ring in the first place. A favorite set up for protecting the Ring-dings from snagging sheets and sails is to make a sleeve out of PVC tubing. I leave the tubing open at the top and can slide the tube up out of the way to work on the turnbuckle and let it drop down when I am done. That said, I have never gotten around to making a set for Synergy.
I am also a big believer in backing off the rigging tension and putting lanacote on the threads of the turnbuckle to minimize crevice coorosion.
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Curmudgeon at Large- and rhinestone in the rough, sailing my Farr 11.6 on the Chesapeake Bay