If that eye isn't changed I would expect the T rating to be less than one. I would not lift anything over a hundred pounds with that block in it's current condition it is compromised and you or anybody else who uses it is in danger at all times. Not to be a worry wort but anything being lifted with "steel cable" in that rig is an accident waiting to happen looks like a manilla rope rig to me too. On a more positive side it looks like the shaft has been recently replaced or at least worked on/greased and a new cotter pin definitely worth fixing IMO.
Nice find.
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