Unfortunately it also shifts the bass to the right making right hand plucking and upper fret access awkward so you trade one issue for another.
Sorry, I agree with you on all other terms but this one. And it's no...
You can very well take a good look at this one, and imagine a regular wide strap going down at the horn. It's pretty much the same place. What this DOES do, is hindering sight, maybe for those who care to look and have no obstacles coming in that direction. What it does, though, and is more of the liability on this one, is making the actual bass more of a pendulum point, that it is easier for it to swing, bounce to the left and right quite easily without that much force which of course is as much as a hinder while playing, as any neck dive or something else unergonomic that's happening. It wiggles or bounce around to the left and right easier. And as such it's very much easier to accidentally knock the STRAP over your shoulder and drop it, you know, just like if it would do if you haven't secured your strap (regular) to the strap pins, as can happen occasionally. What you do then, is that you're still holding the bass with two hands so the bass wouldn't be damaged, not dropped, it's just the strap that disappears behind your back, and slides down...
I e if you did the jump test, like you can do with regular strap, this strap will disappear behind your back. And bassists do jump on stage, and dance around too.
But it sure does buck neck dive on all basses. Regardless of weight.
EDIT: BTW, I don't know who that guy is on the pic, can someone give me a clue? Seems to be something from the late 60s early 70s. He does look familiar of some sorts but can't really pinpoint him down. At first I thought Duck Dunn but no way...it's not a tele bass...