well I have used both and have both, chain and cable, the straps are nice too IF you can keep them clean but they store just as much energy as the others but have farr less mass when they come at you.
I have a40+ foot lenght of 3/8" cable that is probably 50+ years old. galvanixeds aircraft grade stuff with slip hook on one end and grab hook on the other, in the middle is a couple short lenghts of garden hose! the hose does a few things protects towed item or the operator if the cable breaks, it is held in place with some electrical tape. it also protects the hands form wear if there was to be a frey.. I personally watch what I do as much as possable though.
I also have 4 or 5 chains of varrious lenghts and sizes, form a 5' 1/4" to a 40' 3/8" several 14' x 3/8" too. I CHAIN things to drag them any distance, but to pull out a log from the creek or down I use the cable as it is much lighter. belive me lugging the 40' by 3/8" is not something I like to do! but I do use it if I htink I'm going to apply over 2000 lbs of pressure on something... (drug up a 20' long water soaked log that was 24" ave size using the 40 chain and a 14' one which barely got around the log from over the top of the hill. hooked to the back of my box blade. had to run in LL3 to pull that one with my 4K lb tractor...) the bank was hard and dry with gravel so it wouldn't dig in Something like that I would not even think of using a cable for even with the hose and blankets coviering it...!
Mark M /forums/images/graemlins/grin.gif