For some reason the idea of using an friction hitch as just a regular hitch when you don't specifically need adjustability never occurred to me.... I might just start doing this although I don't know the Midshipman's, just the Tautline.
I like how it doesn't wrap tightly around the thing, giving you some slack when you need to untie it, and a sudden load while tying won't make it constrict around an object, making it less likely to take an errant finger with it.