Ratchet straps are far superior to old-fashioned straps with holes.
They just don't age noticeably and you don't have a little hole that gradually expands. I think there's a downside to this: you might not notice your own waist expanding.
Pros
Fits and ends well. I would suggest this. 5 Stars
Cons
This is not a real leather belt. Very cheaply made. I did not recommend this belt.