I am using a heavy duty rubber compensator with 40' - 1" double braid nylon. It has and eye splice and I use a stainless steel reefing hook which is a long U with a loop like a hook similar to this one:
http://www.go2marine.com/product.do?no=22953F but with a more close and longer U. The hook goes THROUGH the chain and the possibility of falling off is nil. My chain is 5/16", the hook material is 3/8" so it is unlikely it will fail if the chain holds.
I attach the hook to the chain just forward of the
windlass and hold the snubber
line up as I let more chain out and it passes over the bow roller until in it is well below the water. Then I tie of the bitter end using the
windlass drum as a fair lead. The
cleats are well aft of the drum so the strain on the
windlass is minimal. The snubber
lines pass over the chafe free roller and not through
chocks.
If the boat shears the lead is fair and won't chade in the bow either.
The compensator adds more stretch and tells me if the
anchor is set. If it is it will stretch and untwist a bit under load. Twenty or 30 feet of nylon might strech under load, but you can't see it... and the loading means the
anchor is dug in. The compensator works like an
anchor "tell tale".
jef
sv shiva