Yep, that is exactly the setup we have been using on the prototype F16 (my boat) and the prototype Blade F16. All the other setups came later. For a while I used a quick release setup, but found it to be without advantages.

But there is on exception, we use figure 8 knots or blood knots. The later is a figure 8 knot with an extra encirclement of the line in front of the knot. This give a fatter and flatter knot that sits better.

Wouter