Maybe your inside info buddy left the 1 off and meant a 12" strap.
I didn't get to see this live, but having worked with and been on the Columbia, I seriously doubt a 2" strap was used for a 50 ton lift.
A 2" wide, double ply strap is typically rated at (approximate) 6K and 12K in a basket. Far less then a 100K and no reserve.
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