Nice but why not get the ProPad? - http://1kindphotography.blogspot.com/2013/10/review-peak-design-propad-for-capture.html
It moves the Capture further up, offers padding/protecting against your body and makes the setup much more rigid?
I was intrigued by the ProPad. But, I have two CLIPs and found the cost of two ProPads a bit pricy when I already had the 2" seat belt webbing left over from another project. My cost was just my time sewing them.
When I bought the CLIPs, I intended to mount them vertically on the belt. But, I found the CLIPs easier to use if mounted horizontally. If mounted vertically, I was a bit concerned about accidently releasing the CLIP and dropping the camera.
After using the CLIPs on my strap mounts, I like that they are very simple with no added bulk. I actually find a benefit with the CLIP just below the belt. When walking with a 5D3 and 70-200 on the CLIP, the camera and lens rides nicely wherever I position them on the belt. If I carry the camera and lens in front, it is also handy to flip the body up when sitting or while changing lenses with the body in the CLIP.
Still, I haven't tried the ProPad. I may well find it just as convenient as my solution.