"Even with this set-up isn't it possible for the friction saver to somehow work its way down between the two adjoining metal pieces and get pinched and possibly cut or sheared. Probably highly unlikely but still "possible"."
"That's not a good option. Not only is that a pinch point (as brushbandit noted), but, because of the moving parts, that part of the ball has grease, which collects dirt, and the grease and dirt are then loaded to the FS. The attachment shows an example."
----------------------
I see your point, and agree. Not trying to start an argument, just stating why I felt safe with this setup when I used it. That's one reason why we're here, "constructive criticism".
On this particular crane block, there wasn't really any space between the adjoining pieces of metal for the thickness of the fs to get wedged into or pinched. There wasn't any grease contact either. This was a new crane and maybe it wasn't greased at that point. I know the swivel is greased, but due to the angle at which the fs hangs, there wasn't contact. I wouldn't have put it there if it would get greasy, I like to keep my equipment as clean as possible. I get pi**ed off when someone steps on my rope. My fs was (lost it since then) in far better condition than the one in your attachment, I would retire that one. The carabiner was just to keep the fs in place when not in use.
Crane blocks do vary in construction and condition though. I can see the possibility of pinching and grease/dirt on other cranes. Also, there could be sharp edges on an older block.
I've used the shackle method also and agree that's a better option. I used another method also, but I'll get back to that later. By the way that was a Link-Belt RTC-8040 crane.