How a soft shackle gets away with absorbing the derate of a sharp bend is it is X times stronger than a single line of the same diameter material. So say you have a 3/8 soft shackle attached to a 3/8 synthetic winch line. The minimum rating of the winch line is 17,600 and we will use Southeast Overlands rating of 29,000 for a 3/8 soft shackle. His 3/8 shackle is 1.65 times stronger than the line its attached to. So it can absorb a 60 percent derate and still be as strong as the line its attached to.
The Southeast Overland 3/8" soft shackles have a 29,000 average break strength, and a 7,250 WLL at a 4:1 safety factor. See that info
HERE. The 29,000 lb average break strength is when attached to a minimum 7/8" pin (from a 3/4" shackle). If you wrap that 3/8" soft shackle around a smaller radius bend like on a tube thimble the strength of the soft shackle will be degraded to a degree since the tube thimble will impart a sharper bend than what the 3/8" soft shackle was load tested on.
Winch lines straight 'out of the box' have a woefully low safety factor. 3/8" Amsteel Blue has a average break strength of 19,600 lbs. If you apply a 4:1 safety factor like on the soft shackles then you have a WLL of only 4,900 lbs. If used on a 8,000 lb winch and you consider the 8,000 lbs a WLL then the safety factor is only 2.45 for new line in perfect condition. If you were using 5/16" Amsteel Blue then your average break strength would be decreased on a new, perfect line to 13,700 lbs and on a 8,000 lb winch if the 8,000 lbs was considered a WLL then you would only have a 1.7:1 safety factor.
The method of setting a 8,000 WLL for a 8,000 lb winch is not even adequate or proper since a 8,000 lb winch can often pull more than that 8,000 lb rating, and a dynamic shock to the line can easily double that number again. Wear and tear will decrease the line's break strength also. One has to seriously consider the impact of dynamic shock loads incurred when winching, and their impact later since a synthetic winch line can 'remember' that shock load, not break at that time, but be weakened and break later.
With all that being said - lets be sure we are comparing apples to apples when talking break strength (average, minimum), WLL versus break strength, and safety factors (4:1, 2.45:1). The Southeast Overland soft shackles have a WLL set since they are a shackle and used similar to a hard, metal shackle, even though there is less mass to recoil if one breaks and therefore they are less dangerous due to their smaller mass if breakage does occurs. A WLL on a soft shackle of 7,250 lbs is also hard to compare to a winch line that has a stated average break strength of 19,600 lbs. Many will consider the winch line to be stronger than the soft shackle but this is not true if you compare apples to apples.
In addition to knowing, understanding, and portraying break strengths and WLLs equally, we also need to understand how these products are actually used when wheeling and performing recoveries, both in 'perfect' conditions and the most horrible muddy, cold, wet, and rocky conditions that sometimes are more frequent than the perfect conditions we wished we always encountered. I use synthetic line a lot when wheeling - both on winch lines and with soft shackles. My choice winch line is 3/8" Amsteel Blue, orange color (for safety). I use the 3/8" soft shackle a good bit along with a 1/2". Both have performed well. The 1/2" provides extra strength when dynamic loads and stronger winches come into play. I wheel a lot and end up winching a lot - both myself and others. My recovery gear tells the tale of use and really allows these products to be field tested well.
Oh, Mace - your merchandise is packed up and ready to go!