In the HEAVEY equipment industry the largest concern for a chain is the link
sheer strength when used with any kind of holding device, just like the pin
in the shackle. a good forged hook doesn't add any side load that would
change the sheer strength of the chain link. When I worked in an industrial
welding and fabrication shop we had 3/8 inch hi tensile chains that we used
to lift drilling rigs that weighed well over 100 tons, four chains, with
forged hooks. That's how we painted the underside of these units. These
chains had to be inspected before each use, and magnaflux tested every week.
If the foreman saw you with a welder or torch within 2 feet of one you could
pick up your check that day. They were very serious about the chains for
overhead lifting, even more so about the hooks, if we could we wrapped the
chain around a round object, if not we had load spreaders that attached to
the chain. Even a chain that is used and abused on a regular basis will give
incredibly long service if not overstressed. My boat is not large by some
standards, probably average to maybe a little on the heavey side, but I'm
pretty sure a 3/8 inch chain and a good hook can handle way more than it
can. The hook and chain won't be the failure point.