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The loop didnt rip the floor up because it wasnt attached at the floor. The loop "contained" the shaft. Im sure it violently "danced" around inside the loop, but the shaft never fell. It bent up the the loop terribly, but it didnt break away. It was one of the US CARTOOL ones that bolts to the 4 bolts of the crossmember.
To me that confirms the modified loop would work fine to contain the shaft. From looking at the photo, it seems the OP's loop may be stouter than the US Car tool part is. The modification in this thread hangs the loop by the sides on two pieces of steel, the US Car Tool part hangs the loop by one piece of steel at the bottom.
Everybody makes fun of a hillbilly until they need something fixed
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