This is how I hang my planes.

Rubber Shock Cord used for Spearguns will not dent foam.

https://www.amazon.com/Black-Rubber-.../dp/B004JKLFY2

50lb Drywall Picture Hanger. Avail from Home Depot

https://www.homedepot.com/p/OOK-Prof...0025/100084060

Make a loop and splice with a drywall screw inside the tubing (with screw head removed) forming an inline splice. Black electrical tape secures the splice, and it will never pull out.