I learned the taut-line hitch a while ago and find it great for exactly this purpose, and it looks a bit easier than the one you suggest. Do you have a particular reason to recommend this one?
By comparison, the Farrimond Friction hitch is two major steps: wrapping a small underhand loop you can put anywhere on the running end of the rope is faster and more contained motion. After wrapping it, you just tuck a bight through, and you're done. If you crave much more security than what a bight allows, pull the rope through.
If anything took some practice vs the taut line hitch (or the midshipman's variant), it was the fact that the knot is one of those you tend to dress at the end: a taut-line hitch has a distinct and neat look at every step...at the cost of having to thread a rope through one loop (twice), then another once.
Dressing the Farrimond Friction hitch is simple to do, a firm tug on the standing end plus sliding the knot is all you need, but to someone without muscle memory the knot may appear to be controlled chaos in mid-tying. It's a very easy knot to tie without any visual feedback after a bit of practice, you gain a feel for it with your hands.
(If anyone is curious, the carrick bend is the other one I use very often.)
A taut line hitch is a good choice in most cases though.