Matt, if you take a 1" square piece of flexible rubber and place over the end of the top handle this solves the
safety issue of the strap flying off. I've done this with smooth handle grippers and it works great. As a test
I tried pulling the strap off the handle after loading the weight onto the loading pin and it would have took
some effort to slide it off for sure. Even with the tapered handles the strap won't come off. At least not with
the lighter weights used on the Zeniths.
Your suggestion begs the question of why not rate all grippers this way? Plus it creates the problem of confusion
of an already well established rating system that most all if not all have agreed upon. Even though COC's were originally
rated at the center of the handles (years ago) this method of rating is not currently used by anyone I know of. Is this method wrong? Not necessarily! It's just not preferred any longer. Is the current method of rating wrong? Not necessarily,
but it seems to be the preferred method of which the majority seems to agree.
I will stay with the current method of rating to prevent adding confusion to the system and to stay within an agreed upon standard when rating grippers. If there's no standard then anything goes when conducting tests, ratings, experiments, etc...
Keep in mind it doesn't matter what a gripper "feels" like when it comes to being objective, scientific and accurate. What matters is being able to quantify the actual numbers.
This is an objective method of rating versus what a gripper "feels" like which is a subjective method of testing. I can only speak for myself but I'll take an objective test over a subjective test any day of the week. I don't care what a gripper feels like when it comes to ratings! I care what the numbers reveal! 
Note: The flexible rubber piece I suggest placing over the end of the top handle "does not" cover the entire circumference of the handle! Only the top portion and the rounded sides. This way the handle ends can still touch for an accurate rating.