In reply to joeramsay:
Sorry I should have specified, but my thought was it could be used as an alternative to a traditional anchor setup on single or multi pitch climbs where the anchors are assumed to be unquestionably sound but anchor doesn't equalise itself if one of the bits of gear were to fail.
You could still use it as a direct or indirect belay if you wanted to, the belay could be attached to a second alpine butterfly on the live end of the rope or, you could attach yourself to the rope and have your belay on your belay loop.
I'm just thinking that it's an easier knot to equalise rather than adjusting two clove hitches you just have the one, plus it would be the same set up if the anchors were out of reach.
I can't see any real problem with the system, and so just wondered if there was a major fault in doing something like this.
I'm trying to attatch pictures to show what I mean but I'm struggling 🙄