Tow hooks.

[hks_kansei]

This is what I have, this is what you are referring to? Sounds like I need to rethink this (not that I have a $1,000 suit but still.....)

Depends.

Is yours a proper tow strap? or just a random fabric bit?

I would also imagine sunlight would weaken it after a while

[mazmad]

Yeah proper tow strap. I have it tucked back under when not in use so isn't regularly exposed to the sun.

[hks_kansei]

I'd say it's probably fine then.