Interesting, but seems like such a design would not be maintenance-free like most other hobby chutes. Performance would start to degrade as the elastic does. The PDA mentioned, above, would be a particular PITA to replace lines on --but would probably work the best out of 'em all when it was working. Then again, I've had my fill of apex lines for today --just finished a nonelastic version about 30 mins ago-- the main lines are one thing... the PDA lines were giving me fits.
Later!
--Coop