This does to the oriental knot what the Victoria does to the four-in-hand, that is adds an additional horizontal loop. So, it's an option if you want a more pointy or symmetric Victoria, or a larger oriental.
I used a variant where you do the final fold through two loops, instead of just the last one. This causes that bit sticking out below the knot which I think looks nice. This makes it look a bit like the Christensen, but smaller.
"I appreciate SDF but it's a general-purpose server and the name doesn't make it obvious that it's about art." - Eugen Rochko