thanks, paul! i TOTALLY agree with you about the ring being rated...everything must be. my saver used a web sling girth hitched to a large rated arborist ring and a CMI pulley shackle. this was the only pulley i could find (rated and small enough) to fit through the ring. a light accessory cord was in a three wrap, six coil prusik loop near the pulley end. although the length was not adjustable, i didn't mind, as i only wanted it for a choked TIP that would follow me around a spar.
it worked very well, mostly, but i had to abandon that pulley since it wouldn't stay positioned properly with enough reliability.
i talked to my tree care product supplier and he found a larger rated ring which i hope to receive soon, allowing me to use my red pinto. i also though of a spring for a retrieval device...one with 1/2" diameter and 1/2" coil spacing allowing the tail of the line to be 'spun in', but a brass snaps work pretty well.