This ring will blow up the moment even one of its blocks is hit. And it will do it pretty spectacularly. Because it has no integrity. Good luck eating up to 50k damage in multiple spots around your ring. At current settings you must have at least 2x2 strands for them not to blow up after receiving a scratch.
Like this. Spaghetti got a little fatter.
Additionally ring designs will have double the dimensions of stick like ships or eat the mass penalty for lesser stabilizer distance. Armouring them too will be pretty costly due to high surface area.