Does it matter whether the bolt bends at 6,200 or 8,200 lbf? Not really, because either way it's a much lower strength than you would get with a shackle mount inserted in your receiver instead. Even that 12K rated hook from Northern has a higher rated load. To get back to the original question of the topic, regarding whether or not it is safe to use the hitch pin instead of a shackle - yes, it is. Most recoveries take quite a bit less than 6,200 lbf, or even the 4,400 lbf you get from a Grade 5 bolt. However, no, the hitch pin will not provide the same capacity as the shackle insert. If given the choice, use the shackle insert, but the pin by itself will probably get you out of a pinch without hurting anyone.