One advantage of splicing is that the eye is nice and smooth, so less likely to snag (think Genoa sheets passing over an inner forestay when tacking for example)A small question: why splice dyneema? TBH I think it an anachronism:
1. use dyneema for lack of stretch not for strength (all synthetic ropes are way stronger than need be, so a knot is 'only' 60% of a strength 3x what it need be; big deal).
2. splices thicken and stiffen the rope so it won't pass over pulleys. This is really, really bad for masthead sheeves so never splice a main halliard (or accept broken pulleys for zero gain).
3. You can't inspect a splice, and how many of us have reasonable QA of the splice, gathered by years of careful attention to methodology, documentation and destructive testing? You can't really trust it.
What ever is the advantage? Always happy to learn 'tho.