Nothing scary about it, that's merely an emotional perception.
Nor is one design any better - or worse - then the other. Both have their pros and cons.
Used properly, these lifts are extremely safe.
As a mechanical engineer, I'm well aware of the strengths of the bolts, even in lowest grades. But regardless, it's just one of those things that makes you think twice because just like anything, stuff can fail. Once you get past the initial emotional perception, you think, "yeah that's fine". Even so, I still think about it when I'm tightening up suspension or brake components too, thinking about the loads that occur when doing an emergency slow down from 70mph while consecutively hitting a bad pothole at the same time.
Here’s another question. When the lift is at its lowest position are the cross beams just resting on the bottom of the post? Or are they somehow engaged in the ladders or on the floor?
I understand using the ladders to level the lift in the raised position, but if the posts are at different heights what keeps it level when it’s all the way down?
The ladders are essentially floating in the posts (and the cross beams slide up and down them). When the cross beams are at their lowest, they are resting on the base plates of the columns. So if your floor is uneven, when your lift is all the way down, your crossbeams and ramps will be angled.
But, the lock ladders and the cables have about an inch or two of thread, so when you're lifting and locking, you'd have the four posts independently threaded to the correct height to make sure that you raise level and that you lock level. Most of the time because of slight slopes in concrete, this means your front columns are threaded much higher than the rears to lift/lock level.