Its not bad at all. There's always something to add to recovery kit but this is a good starting point.
 
Towing / Lifting strop has advantage it rolls up neatly for storage, but it doesn't have any natural 'give' like a rope, or the elasticity of a kenetic recovery strop.
Caution I was given about them was that they were OK for towing, but for recovery, rope was better as the 'give' means you are less likely to shock load shackles or recovery points and stuff if you give them a hard tug.
 

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