Geo-
Would not the line break jsut before the splice, just before the disturbance of the natural flow of the line (unless splice is really bad). Kinda like right before it flairs, the internal tensions would back up from the interuption in even flow and shape at the flair of the splice and cause failure before it? i have always visualized it like under succh and such a load a tightened nylon fibre stretched beyond elassticity would be approaaching the charachtersitics of fragility to such change like glass fibres? Strong but has delicacies? Not sure just trying to figure what is going on. i could see where a 10'splice that you had enough length to just test the splice coming out stronger along the length of the splice. But i have always witnessed and understood the weak link/ achilles tendon of the splice would be just like any other knot, if some other imperfection/bend in the line didn't become the weaker link.
Some line choices for splicing (BlueStreak, SafetyBlues a Sherrill splicer pointed out to me some years ago) have fibre shapes/softness that lay down better in a splice, to maintain manufactured shape/strength in splicing better. This wouldd give better strength, and if the more compact design provides more contact area betwixt fibres, that would make it more secure at the same time.
i think splices are stronger more secure after being set in moderate use, rather than when new. i think whipping in 12/16 strand (stuffed tube splice rather than woven); is especially important to bridge to the more set/stronger splice after use and eliminate any creep in surfaces until, the constricted/drawn tight stage of moderate use is met.
Mike i use that same method for climbing up above favorable wood. If it is light stuff, i will also choke a karab every 8' or so, limiting fall to the last good hold as both lines are run thru it, truly imitating mountaineering strategies, with mountaineering gear, on that day's mountain! Also, another karab/sling or other positive mechanical stop to keep lifeline from riding up above good wood as you climb, or in case of impact from a fall incident i think is very important.