Roger, I had the same set up as you
with a manual discharge pump, which was in the same locker as the thru hull valve. I took out the loop because it just added several more feet of hose to get stinky, figuring I am only opening the thru hull when I am working the hand pump. When I redid everything and moved the thru hull across the boat to next to the tank and added a macerator, I did add the loop back in, since it was 1" hose and easier to find a place to hid it. But Peggie "yelled"

at me when I took the loop out, saying I would eventually forget to close the thru hull valve. I think your set up is fine, since you are discharging from a tank as you say.