I bought a lift a few months ago and, after a few dozen (hundred?) trips up and down, the only way I can see a lift failing is as follows ...
- on its way up or down (cable slips pulley or breaks)
- on its way down (safety lock catches on one rail - thus torquing the ramps)
If the car is at the top-most height, the entire lift could be pushed over ... but it would take an earthquake or one heck of a push.
All in all, I feel very safe with my lift. I've been working under it a lot lately.
I did not install the bolts and, despite thinking about rigging up the same secondary post support, I now think such effort is not required. Just make sure you pay special attention while the lift is in motion, especially coming down as you have to ensure the safety locks are FULLY engaged; otherwise, one or several of them could catch ... and that would suck!