I'm of that other 1% . Having come from a friction hitch beginning, the inefficiency of 2:1 ascent with all the extra required physical motion and friction losses within the system and the inordinate amount of slack tending, I just had to look to other aerial disciplines. No one in the world uses 2:1 friction hitch methods except treeguys, and its a tradition from the manila rope age, passed from generation to generation before good hardware existed.
To be honest, I like tradition and I hope the friction hitch lives on. Currently, technical climbers incorporate ascenders or other rope grabs, pulleys, expensive and consumable high-tech eye-eye spliced tress cords, additional connectors, dog leashes, foot-mounted ascenders and friction saving devices at the tie-in point all to make this rather difficult system more tolerable.
Being able to go instantly from ascent to descent may be viewed as the primary or only advantage of 2:1, but if it only takes 5-7 seconds to change over from ascent to descent, using ascenders and a friction piece, I'll pay that price and take all the advantages that 1:1 doubled or single rope technique have to offer.
Watching guys hoist men up into trees with skid loaders, or ground men pulling tail in assistance, or dudes looking to multi-thousand dollar powered ascender systems just to overcome the inherent difficulty of friction hitch ascent just makes me shake my head.
On the descent, friction hitch methods are not too bad, as long as the doubled line above you doesn't rub across a limb or around a stem, and as long as you don't use redirects on your rope or drop down through a limb's natural fork to the limb below. I personally can't deal with the limitations imposed, the inefficiency and the extra effort required to use the friction hitch system.
But I do think the system is cool and applaud the innovators of past who came up with it. Up and down with nothing but a rope. I admire it deeply and find it next to useless, having the option of modern simple and economic devices.
Still, I say, long live the friction hitch.