Do not use an uncovered 12-strand line for a spin halyard. While it is fine to strip/taper a halyard, cleating on the line will wear it excessively and cause it to fail. Also, you are going to find that 3/16" uncovered line to be very very harsh on your hands, and when it is under load, it can and probably will cut you. Finally, it will be very slick, and you will have a hard time gripping it unless you wrap it around your hand (=bad). I would cover the part you will be handling. If you want to talk about having that done, send me a private message (pm).