Keep in mind that the forces the tractor is applying to the hook is only half the game. The bigger unknown is the forces the chain applies to the hook. An example we all probably know is towing a vehicle with a chain. You get a little slack and you get a little out of sync and WHAM! you've spiked the intended forces by an order of magnitude or two. I venture that in most cases, a failure is just an aggravation but for no more than around $3-4, one has now gambled on ALL failures being benign. Not smart. To dkchandlers credit, he boldly ventured an idea, got trounced, then aced the final exam with his new hook. Not bad. There are also probably more lurkers than we think modifying their thinking and actions because of it-an ideal situation and a credit to dkchandler and this forum.
IMO, the "repair link style hooks" have too low a Factor of Safety(FS). A FS is basically how much oversize something is. In designing something, you essentially calculate how big something needs to be to exactly work but no more (think of the straw that broke the camels back). Once this number is determined, then the design is beefed up (multiplied) by a FS to take care of worst case scenarios like shock or impact loadings. In airplanes, the FS is kept low to keep it's overall weight to a minimum in order to maximize payload and fuel capacity and in cars the FS is significantly higher because extra weight is not as big of an evil.
I am of the opinion now that the reason these bootleg hooks were even used in the first place is they were perceived as being easier to weld on for someone unsure of their welding skills (which is unsupported by the pictures). I don't think saving money was the real reason. I could be wrong here but I do know that for a couple more bucks, one could buy a lot more Factor of Safety and you should have some pretty strong reasons if one chooses not to go with more FS.
Greg