In reply to ray:
>>it does not reduce the strength of the rope like other knots. the overhand knot is generally accepted as not being very strong
Who are these generals who keep talking about climbing knots?
The overhand knot is widely seen as the most suitable for joining ropes for abseiling. The other popular knot being a double fishermans with another knot (reef or overhand) in between. Here's todays other thread about it:-
http://www.ukclimbing.com/forums/t.php?t=164866&v=1#2354633
The overhand knot is used as the definitive knot for knot strength
http://www.instron.co.uk/wa/resourcecenter/glossaryterm.aspx?ID=83
According to this arcticle
http://www.iop.org/EJ/article/1367-2630/3/1/310/nj1110.html
on face value you are probably correct that the alpine butterfly is stronger than the overhand as the former is more complex. However, other factors play a part; the alpine butterfly is a good knot for forming a loop in the centre of a rope as the two ends are 180 degrees apart. I'm not sure how it behaves when the ends are loaded with a more acute angle. Additionally rope material, size and condition play a part.
Quick googling has most sites saying that a knot will reduce the strength of a rope by about 50%. Not sure where they get that from. This site contains more believeable info
http://www.bwrs.org.au/research/. The results are more deastic, have a look at appendix A and B. The overhand knot loses 75% of it's strength when wet (9mm Static Eldrid) and the Alpine Butterfly 66% (11mm Static Eldrid). A double fishermans loses 42%. Check the actual breaking force though - above 10KN for the overhand.
Also check out
http://www.xmission.com/~tmoyer/testing/
http://www.amga.com/ComparativeStrengthTest.pdf
Basically the Alpine Buttefly is stronger than the overhand, but not by a huge amount. This is measured in it's standard configuration as a mid point loop, not as joinign not. The double-fishermans is stronger than both. All knots reduce the strenght of a rope considerably, but the remaining strenght is still pretty high.
Thanks for trying out a new knot technique and telling us about it, however given the above facts and combine it with the increased complexity of the Alpine Butterfly I'll stick with the overhand knot for joining ropes.