I have seen old bungee straps break and they are somewhat expensive to replace. There are spring straps that are similarly priced and it’s one and done.
Huh? Bungee is cheap and available at any hardware store. The reliability advantage of bungees over springs is you can tell that they are starting to fail. Short of metallurgical non-destructive testing that costs more than a pair of fins, you can't tell when springs are nearing failure. Bungee length is also easily changed to the desired length and last for years. Here is an image of modifications I made to Jets and Hollis F1s.