In reply to higherclimbingwales:
> My point is, in the context of tying onto the middle of a rope, the AB is more complex than is required. It's significantly harder to adjust for one.
Not only is it one of the easiest knots to adjust, it is also one of the only knots I can think of that is completely omnidirectional. If you need to put a knot in a rope where you might be loading it across the main line or on the loop, a Fig 8 won't do. I don't know how well a Bowline on a Bight does when cross-loaded; normal Bowlines are certainly terrible (without a stopper, anyway). You can also use an AB to join two independent abseil strands (if you have two ropes, each tied a different belay stake, for example) and provide a handy clip-in point at the same time. With a few ABs you can rig a multi-belay-stake abseil on a single or doubled rope without using any carabiners or slings.
It's also really, really easy to tie. I like the twist, twist method for making long loops but wrapping a rope around your hand, pulling one strand over and then the other is fantastically simple. Certainly no more complicated than a bowline on a bight.
The AB is more of a powerful tool to solve problems rather than a knot you 'need'. You can do everything without it but it's so much better with it, join us... :P (all hail the AB!)
Incidentally cavers are currently having a bit of a mild crisis over the Bowline on a Bight. They often need a two-loop knot to connect mid-rope to a pair of bolts (personally I use two Alpine Butterflies :P ) and have traditionally used a Bowline on the Bight (being supplanted more recently by Fig 8 bunny ears). Cavers will then clip into the loops with their cowstails - best practice being to clip into both but clipping into just one quite common.
Testing has shown that if you pull hard on only one of the loops on a loosely-tied Bowline on a Bight in the right way the loop fails...
http://ukcaving.com/board/index.php?topic=14580.0
No issue if you load both loops.
(as for the original question - AB and screwgate(s) or better triple-action twistlock/Belay master if you can't be bothered to rethread, Bowline on a Bight Chris-Tan-Death-Knot style if you can)
Post edited at 12:31