I guess the benefit of wear protectors is that the rope is ultimately lighter and splicing needs to be less accurate with regard to loop lengths.
With the eyes, I think the biggest bonus is that you are spreading the load into the rope over a larger surface area and therefore you will place less stress on the loading point of the rope. It will therefore be less susceptible to fatigue at the load point.
I recently had the same dilema and decided that my winch extensions would have thimbles in them.
HTH
Jon


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