Short answer, chain splice is designed for the job. You have to keep checking for chafe though.
Is it for a snubber usually, plus odd jobs like sitting a bit sideways to the chain, in a swell for example?
A 16mm line seems more than thick enough, are you anout 5 tons?
You could see what is the largest hard eye you can force through the hole, and use that?
A tight eye splice is fine for that job. It will be obvious if you get any wear - which is highly unlikely if you are using it for a snubber.
I used a hard eye and shackle. Had it for years and has seen some heavy use - no wear. It never has to feed through the roller, just hook it onto chain that is already outboard.
Firstly, I believe 16 mm is far too thick for a snubber for your boat. The whole point of a snubber is that it should behave elastically, in which case going too thick defeats the object.
I agree; its not as though you are likely to lose the boat as the chain will still be secured presumably.
I used a hard eye and shackle. Had it for years and has seen some heavy use - no wear. It never has to feed through the roller, just hook it onto chain that is already outboard.
I have actually bought 12mm and decided it was too thin. My reasoning is that, if the line parts it is likely to be under heavy shock load and I don't want to transfer that to my windlass or even a cleat if I make the chain off.