Got me, the standard seems debatable. I have lift straps, that are the same width as the 20,000 pound tow strap. That are 50% thicker, with a tighter weave, that are lift rated to 5000 Lbs. with a break of 10,000 pounds (with indicator threads woven in/when an indicator thread breaks, the strap is only usefull for tie down).
The standard for 20,000 pound tow straps, seems to figure in the stretch somehow.
I was taught, the weakest point of a rope or strap was where it changes directions (at the bend of the loop). Which was figured to be half as strong as the rest of the strap.
Don´t know if the tow straps are measured at the weakest point or maybe just have to stretch and hold a specified wieght for a given number of seconds. Do know much of the material used in straps, is UV sensitive (becomes weaker when exposed sun) and ozone also has effects. Reason why most mil. spec straps specify a certain amount of natural fibers. Many 100% synthetic straps, have experation dates. Go to a speed shop and read, the small print for many race saftey belts. Many are certified for only a year (how long has this seat belt been on the shelf?).
Straps are only as strong as the weakest part. Rule of thumb, order double what you are going to need. End loops (double), tree savers 4X. And remember a string rated at five pounds, might hold a five pound wieght, but if the same wieght is dropped (or yanked) for just a couple of inches, the string may snap. Snatch, drop, stretch, rated lift and break, are all terms used in figureing, the utility of straps. All are a different standard.