Carl WAG’d it and rc dude gave the specifics. Nice, that didn’t take long.
A “ Three Ring “ release system from the parachute rigging world except mine is only two rings. It’s the attachment/release point on a dual parachute harness and container system which supports the entire load of the jumper but can be easily released by pulling the curved pin. A “ mechanical advantage “ device which in its original 3 ring configuration, can reduce a 2000 lb load ( the jumper at opening shock) to a mere 20 lb pull force at the curved pin. Ingenious in its simplicity and proven over millions and millions of uses.
As for my modification…still a bit of a prototype but I’m pretty happy with it and it works well. The large yellow ring is welded to the fuselage and everything else is attached to the sliding canopy. The curved pin locks everything in place.