that looks like the smae as my one from bailey's it worked for many years, I patched it with leather once the outside bottom edge wore out, and used it some more. I replaced before it was totally shot so it could be used again for 2 months or so in a pich. Agreed, the tape goes straight on the belt. My latest is alo leather, comed from Madsen's, its good too, wouldn't really say better or worse, it works, but I haven't chased cows around my whole life when not cutting massive goosepen OG like 2dogs so maybe I just don't know as much about cowhide.
Dern right you don't know your cowhide!
I live across the street from a leather wholesaler so I can get all the leather I want for free. The leather goes mostly to high end bags and purses so it is nice stuff. Too bad I suck at leather work. Still I made a pouch for my wildland gear that holds 2 ten inch wedges securely. It is a simple "Z" shape, that is one piece of leather folded over about 4" for the belt loop and 9" for the pouch. The pouch is copper riveted closed and the belt loop has heavy snaps.
BTW my neighbor constantly travels the world selling leather and the next big thing is camel leather. The hides are from camels to old to work, 15-20 years old, and scarred from work and insects. He says the leather is much stronger than cowhide and should be seen in "tactical" footwear soon.