Thanks. Turns out someone else also figured out this knot, so, who thought it up first is open to question, but unimportant, in the end. Have fun and stay safe.
Not better, different. If you use a tippet ring, I suggest the 16/20 knot, a variant of this knot, which forms a double figure-of-eight. But, everyone has their favorite knot. It's what you can tie easily and reliably that counts.