I can only guess that your diagram is unclear or mistaken, and does not correspond to your knot - because I do not see how, under loading, this already open nipping loop would remain closed
This eyeknot looks like a falsely tied "Eskimo" Janus bowline ! Could you, please, post another diagram ?
Ready with the reserve-diagram!(Below)
However, I think it's useless, it's the same thing:by how you describe the loop, seems that you have it tied rightly: no real nipping turn here, and also it is not an "Eskimo", is.. a mistake-loop!
Regarding the normal loading seems to me that behaves decently (and I could say that I do not understand the reason!); regarding the ring loading the knot tends to distort, and the portion of the rope adjacent to the tail tends to be "swallowed "by the portion of the false nipping loop around the second leg of the eye.But, anyway,as says Alan Lee,this loop was only for visual pleasure!If you do not like, well, then "de gustibus ...",... or maybe I'm a blind mother (in Naples it also says something that sounds "Every cockroach is beautiful to his mom")!
but then, what is the purpose of such a complex nipping structure ( that can not be self-stabilized, without the help of a collar structure ) in the first place ?
Mine was a bit clumsy attempt to curve the legs of the collar,the left blue turn in the diagram above(which does not much justice even to the mediocrity of the knot)serves mostly to "bend", rather than nip;In short, I wanted to keep things simple: 1 real (approximately) nipping turn +1 collar + "bending".(I tried!)
I suspect that I have lost the ability to tell what is a "variation" of a knot, and what is a different knot...
No,is that I am a block-head!
OK, then maybe we can say that is topologically identical to a "cowboy version" of ABOK #1073 with crossed loops!

Thanks again,and bye!
