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I would go a little higher with the top strap myself, just to the top of the inclusion area top of the crotch. But looks like good placement.

Yup! Been using ratchet straps just fine. Used both in the past. I'll often use chain at the stump, binder if aloft. Of course a lot of the trees I deal with are pretty good sized at the stump, so chain holds up better under those loads.