Oh ! You destroyed my last hope for a decent explanation ! 
Gone is the 2+1 strands "flattable" 3-strand rope theory, which sounded plausible to me ...
Anyway, as we said, we should not confuse hopes with expectations.
The linked bight-to-bight system, although weak, is stronger than I had expected / predicted.
However, I am glad on its behalf !
Now we will have to wait for Mr. Lehman,
who is a specialist in figuring out "loopholes" and peculiar "variations"
.
I suppose I had in mind the general rule-of-thumb "50%" in mind,
too, in seeing why interlocked eyes should be strong : that there
would need to be nearly 100% on the SPart in order to reach
the relatively (individually!) weak 50% threshold and cause trouble
at the eyes.
But going to about 150% and J.P.'s own guessed 70% per
bight leg is well beyond what we should have guessed,
if based on knots-strengths alone (where one will often
see figures on either side of 70%, and with greater values
deemed good).
Now, I am called upon to offer up "loop"holes for this!?
Let first note that we're looking at just one set of data
and all the factors associated w/that --i.p., measuring.
Beyond that, perhaps the "flattening" effect has some
merit in that at such thin material there is little difference
of fibres in relation to the bending (which harkens to the
thread on "thin lines" strength)?
Also, in the tension being delivered on both bight legs
--in contrast to a SPart's coming to a similar sharp turn
and pulling in one direction only--, there is elimination
of any much movement at the bend and so some
reduction of frictional heat weakening !? !?
Still, 70% vs 50% is a big gap. (And now one must
wonder what one sh/could expect of a
granny structure
there : what of the weakening effect surmised/guessed
for the bight-2-bight joint could it redress? --having
pressure more distributed? (There should still be the
lack of movement, given the bight loading.)
--dl*
====