I agree Alex about the limitations on minimum length and the back loop not preventing the cord from disappearing, I hven't thought of a better wat of doing it than a knot. You can sometimes use a locking brumell splice and short bury to tidy loose ends depending on what you're making, that won't work here.
Minimum length - I haven't done or seen any testing to know what lengths you can get away with, any recommendations I've seen are around achieveing the full strength of the cord (or as close as possible), hence long burys, but this may not always be necessary...
Anyway, just academic nerdy for me as I barely do any local caving these days, let alone alpine expeds.
Soft shackles are a faff, especially with nice button knots and caringly tapered buries, but if you're not anticipating high loads e.g. horizontal tensioned lines, why not use cord thicker than 5mm and take some shortcuts to bring the faff factor down? Which part connects to the hanger/rope in those soft shackles?
Alternatively buy them online from paraglider manufacturers - check out the variety in their designs, the Kortel one is nice. As a side note they're used in paragliding partly to get around fatigue of aluminium krabs - they can and do break on people in flight, maybe one a year globally, nice single point of failure. As usual the krabs are generally 10-20 years old though...lots of cycling loading vs caving. We just care about saving a few tens of grams because we're weight weenies.
I've somehow posted this in a well off-piste part of the forum, can someone move it to the gear section? Gosh, I've truly become an armchair caver who can't use a computer properly.