Well you don't need to put the eye through the hole, just the pin will suffice. That is how I have it but then I have used some special shackles for this setup. The eyes of the shackle bend towards eachother so that there is only 5 mm space between them while the loop itself is significantly larger then that.
But anyway you do it will be fine ! <img src="http://www.catsailor.com/forums/images/graemlins/grin.gif" alt="" />
Wouter