As others have already noted, the shorter the horizontal chain, the more stress you put in it, the hooks, and the welds. In fact, it's quite easy to put more than the rated working load (and even more than the breaking load) on that horizontal chain with even a moderate weight being lifted or pulled. For example: assume you are hooked to the midpoint of the horizontal chain, and that chain has a "sag" of 1/2 foot at the midpoint. If the hooks are 4 feet apart, the sideways force on each bucket hook will be 4 times the weight you are lifting (1/2 the distance between the hooks, divided by the "sag"). Tighten that horizontal chain up to a 4" sag, and the sideways force on a bucket hook will be 6 times the weight you are lifting.