Then grab one end of a 2 foot long piece of wood and put the 5 pounds on the other end... A bit harder to hold up.
Nothing wrong with your loops, just the suspended ring and the way it will lever against your attachment points. I'd find a way to solidly mount the ring so there is another attachment point than just the crossmember bolts.
Yep... like putting a bolt through the ring into the floor pan with a reinforcement inside.... but that takes drilling
