I've been trying it as a wind on leader for spinning tackle (in order to get rid of the swivel and get more abrasion protection).
Pain in the arse to tie (and tough on the teeth)but very strong and low profile. Still catches some on the guides going out, so not perfect.
My problem with it is that the final locking hitches gradually come undone. Any ideas on dealing with this. Tried singeing it and crazy glue so far with poor results.
For those unfamilar with the knot here is a link although there are faster ways (and even tools) to tie it.
Threaded Mode