In a Fiber Channel Arbitrated Loop communications architecture, dynamic loop sizing includes selectively bypassing operational device ports in the loop in order to minimize overhead associated with loop size. In redundant systems with multiple loops, the system is optimized by judicious distribution of the bypassed ports among the loops. Redundancy is at no point reduced. By bypassing unused or unneeded ports off of a loop, the round trip delay of the loop is appreciably shortened. By minimizing the round trip delay, arbitration overhead and access latency is reduced, and loop bandwidth and overall performance is improved. Dynamic load sharing balances the load between the dual loops when using dual ported devices on the loops. Dynamic load sharing is accomplished by bypassing a given subset of devices off each loop to reduce round trip delay; monitoring traffic on the loops; and controlling which devices are attached to which loop in order to balance the load across the loops. Dynamic system configuration features provide an optimized system configuration on a discretely continuous basis, including implementing dynamic loop sizing, dynamic load sharing, and managing the interconnection of multiple loops and controllers.