I went the same route regarding two 50' extensions rather than one longer. And, since I'm using recovery/snatch rings rather than pulleys, you can loop them together and they will pass right around the ring while winching.
I'm using all soft shackles only, though I do have some steel D rings with if needed for other vehicles tow points). I removed the hook and thimble off the Ford/Warn winch line and made a fixed loop at the end of the winch rope with a locked Brummel splice. To remove the stock thimble, one must remove the stiches from the stock buried splice, which can be hard to notice. It's just a buried splice and not a locked splice, so the stitching keeps the buried tag end from slipping out when not under tension).
Depending on my mood, to secure the winch line loop, I use a maxtrax 'winch widget' or a simple short section of PVC, wrapped to be black, to secure the winch line soft loop against the fairlead. I would still like something covering the winch to keep UV and road debris, especially in rain and winter, off the winch and winch line. Working on plan for a thin steel/aluminum panel, on which I will mount front license plate, and secure to the bumper with gun magnets (idea borrowed from further up this thread). Had a prototype with magnets only on the top of the plate, but didn't like how the plate laid on the winch line so plan to do a larger plate secured with magnets to both the top and bottom sections of the bumper (spanning the winch). Will probably go wide enough, with the plating, to span the entire width of the winch to fully protect from road grime and so no one knows the winch is even there. When winch access is needed or perhaps for all off road driving, I'll simply pull off the entire plate/cover.
(The white blurs are because it was snowing when I took these pics )
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