These days, I carry a (Matt's Offroad/Yankum) Kinetic rope, and a couple of Dyneema winch extensions.
The winch extensions take up less space than a tow strap would and they serve double duty. I can of course, use them to extend my winch line, but they could also be pressed into a tow situation as well.
I avoid yanking on any non-kinetic gear at all cost. I will use the winch instead.
I've also eliminated ALL metal from my tension equipment. The Factor 55 stuff looks awesome, but it's still a possible projectile, just prettier. Learn how to make your own soft shackles. I bought the Factor 55 fid:
https://www.amazon.com/Factor-55-00420-01-Fast-Splicing/dp/B07YFD3NQT/
and some winch line:
https://www.amazon.com/MarineNow-Single-Synthetic-UHMWPE-Choose/dp/B0B8BXYS2R
and made a bunch of soft shackles in various lengths. I found that I like ones that are about a 4 or 5 foot length, making a nice large loop for various rigging, and they can double as redirects or rock anchors etc.
I also found that I like having some with a loop spliced on both ends, which can be used as a choker or not, depending on the current need. these need to be on the longer side to get adequate "bury" of the free end into the core.
I keep the fid and enough winch extension on hand to make whatever is needed in the field. If I figure out that I need a longer shackle, or a shorter extension for the current situation, I can whip up a custom length of either in about 5 minutes tops.
If you want to get real fancy, you can add some braided heat shrink tubing to make your shackles more abrasion resistant ( and help keep dirt out of the fibers). Just remember to slip it on BEFORE making the loops.... they also make hydraulic hose protective covers that might be more durable, but I've not tried that yet.
https://www.amazon.com/dp/B0B2WGR5JK