TMW
That picture is of a piece of tree guard used to protect the jacket of the wire from rubbing off, it DOES have some limited insulating properties, but nothing like line hose.
It is only rated and guaranteed from the factory. Once it leaves and after its first use it is considered degraded, until its next inspection 6-12 months down the road.
Tell you what see if you can get a linesman to put two pieces, new or used, of line hose up. Put one on a phase, and one on a ground wire. Then see if he will barehand each of those hoses off spikes.
Line hose and coverup, are an extra level of protection, not a failsafe. If this was the case linesman wouldn't wear rubber gloves, sleeves, or work out of insulated booms. They would ONLY use line hose.
We have to be careful how this info is presented and argued. We obviously have a good grasp on these issues. Think of a greenbean, or a inexperienced Arborist reading this and thinking line hose is an insulation barrier guaranteed to work. I have seen line hose left on so long that it crumbles when touched. YOU NEVER KNOW the history of that piece of rubber!