Kernmaster is indeed a Kernmantle, but the core is plaited not parallel strands. This along with materials gives it about 2.2% stretch at loads below #700 or so.
However, when loaded over the #700 or so threshold the stretch goes to 5% or so. (I am just paraphrasing numbers here, you can look them up for yourself)
The "stretch" comes mostly from the core twisting out (think three strand). Or at least that is my understanding.
I am guessing it is not hand sliceable because of the thin sheath, but a stitched splice is nice and compact.
Keep in mind also that an arborist's definition of static may be very different than a rock climber's. DRT systems do not necessitate factor two falls for climber advancement.
As SRT. Work positions systems develop I think the definitions of static and dynamic between rock and tree will become more similar.
Tony