Here's a resource on soft shackles
http://l-36.com/soft_shackles.php?menu=4 Towards the bottom of the page, the author tested some soft shackles to destruction. His conclusion was that the single shackle is a bit stronger than the line with which it is made. So a soft shackle made with Marlow's 4mm D12 would break somewhere north of 2,000kg. This makes it quite a bit stronger than a 4mm stainless steel shackle. For 2.5mm D12, the break load would be more than 600kg.
Two caveats: make sure that the diamond stopper knot is tied properly (see the US video above for the best instruction); and don't use a soft shackle on anything with sharp edges, as it could abrade. Of course, check it as regularly as you would a steel shackle.