Chris, thanks for supporting the St Jude's Auction. It's one of my favorite charities.
Several years ago we made several prototypes of similar attachment systems to result in a one piece quiver. Eventually we came to our "totem" and "wing" system which give similar results using the limb wraps.
The reason for doing it was to tone down the Rambo look of the flat medal. That's not a negative, it's just that some of us want to stay more traditional than others do. That's what is great about traditional archery. There is room for primitive, traditional, and modern traditional. Keep up the good ideas.