This may only confuse the issue, but something to think about--Considering the strength of a 1" wire rope, I'm not sure it looks beefy enough for that application.
Here's a chart that gives the strength of different sizes of wire rope:
Wire Rope Chart
I'm thinking it's meant for manilla rope.
(My experience is limited to operating a couple of different cranes equipped with wire rope much smaller than 1", but blocks that were A LOT bigger than that.)
On edit: I missed Bear's last reply, it being here at the top of page 2. I think I'm kinda confirming what he said though.
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