A halyard has 2 jobs.1. Most everyone thinks of a halyard as a way to hoist and drop sails.2. A halyard is a sail control line. To qualify for 1. it simply has to have enough strength to lift the sail and be hand friendly.2. is a very different issue. As a sail control(shaping)line, it must be able to withstand a serious amount of load AND maintain its length. Stretch is a function of size and construction. Double braid dacron is fine load bearing, but is not able to control stretch without a large size. On the other hand Spectra is vastly stronger and less stretchy even than steel cable and therefore can do a better job than a much larger size of double braid. I would recommend you look at a 1/4" spectra line(tensile strength 7500#) and have it covered by a polyester cover to make it hand friendly. This combination gives you the best of all worlds, very light, very strong, very little stretch, small size(less friction) and user friendly.