First things first. There is only one Knot theory, and it is a subject of Mathematics. The "Knot Theory" term used in the forum is a misnomer.
So, let us not do this elementary mistake, and start calling this thing we have in mind as a "Practical Knot theory." Or, as "Theoretical aspects of Practical Knots". Because it is something that has to do with Practical Knots, not Decorative Knots. Decorative knots belong to art, although there are some practical uses of them as well. But there can not be any "Theory of Decorative Knots", because there is no "Theory of a work of Art". Theory is analytic, Art is synthetic.
At present, there in not any viable "Theory of Practical Knots", but there s no doubt that, eventually, there will be one, when the computer simulation of the complex physical characteristics of the practical knots will advance, and enable us to study the subject analytically.
What is a theory ? A theory is not a mere analytical description of an object, in terms of relations between elementary parts. A theory should be able to make predictions, and also to be falsifiable - that is, to allow us to prove or disprove it, by some experiments. For the time being, there is no such thing about any practical knot, not even about the most simple overhand knot.
There are people that fear and hate any analytical examination of an object, because they are incapable of the detailed quantitative reasoning. It is exactly these people that do not know what a theory is, because they do not care. So, everything that they do not "like", everything that they feel iit is beyond their analytical powers, they label it as "theoretical ", "pure theory", confusing the term with the "speculative", "artificial", "thin-air talk", "robotic" , etc.. I think that those people are the same that fear and hate mathematics in general, and this might have something to do with the structure of the human brain. Horses for courses. The same people may be superb in many other activities of life, and have the same, or even more, probabilities to create useful things during their lives, thrive and help their fellow human beings thrive as well. Most of the things we meet and do in life are not mathematical, and the attitude of trying to explain all complex things of life with mathematics, is oftentimes more dangerous than beneficial for its practitioners.
The previous paragraph was written on purpose, to make the reader more careful when he uses the word "theory". He should not be driven to wrong conclusions, based upon his oun attitude in relation with the analytical examination of an object, in general, and with the examination of the physical object/machine defined as a knot, in particular.
So, there are two distinct ways a knot can be involved in our lives.
1). We can use it in a application, to solve a knotting problem. We have the problem, and we try to solve it by using knots, to figure out which knot(s) we will use, and how exactly we are going to use them. Or, we have a knot, and we try to think its possible applications, which problem it might solve, and how exactly it will solve them.
2) We can study it as a machine, as a tool that function in a certain way. We can study its structure and/or form, and compare it with the structures and/or forms of other similar knots. We can try to classify it, and define which knot should be named with a specific name, and be classified in a specific group of similar knots. Also, we can try to represent it by means of some abstract notation or image, that will help us communicate it to other people in an unambiguous way.
I think that those two ways we can approach a practical knot are different enough, to justify two sub-sections of the Practical knots section, or even a split of his section in two parts. This division has only a very remote relation with the classic Act (praxis, practical) - Theory division. It has more to do with the Use - Study division. ( With "Study", I mean the examination of the structure, form or function of the mechanical/physical characteristics of the object defined as "a practical knot". The examination of Decorative knots is better described with other terms, because we have an object of art there, not a machine.)
If there is a need and will to divide the Practical Knots section, we should be careful how we are going to label the two parts. A division between a "Practical knots" section and a "Theory of (Practical) knots", section, is completely misleading, wrong and dangerous, It reduces the "Practical Knots" section to half of its value, the part that has to do only with the applications/uses of Practical knots. It implies that the "Theory" section is not about the same, practical knots, but about some abstract things that have little or nothing to do with the everyday life knots as we know them. And it is proposed by the people that hate and fear any theory, and wish to expel the analytical study of the practical knots that they confuse as a pure "speculative", thin air "talk", to a place far away their "real" "tangible" territory. That attitude is catastrophic for the Practical knots Forum, and will reduce the quality of the discussions there to a very low level.
That is my opinion, of what is worth. I fear the hate, and I hate the fear. I know the power of both, and I believe the whole issue proved that those forces are alive and well into us, and we should try to limit their dark power, using the calm crystalline power of reason.