Welcome to ScubaBoard, the world's largest scuba diving community. Registration is not required to read the forums, but we encourage you to join. Joining has its benefits and enables you to participate in the discussions.
Benefits of registering include
Stuart, I used a similar method as the Shearwater bungee strap to make a soft Goodman handle for my cheap Ebay Chinese light using 2" harness webbing.
Just to add to the bungee ideas, a nice way to make bungee strap adjustable is to use cord lock.