With regard to the anchor hole depths, the minimum distance for the 5/8 thread inserts I used was 6 1/4". Many have installed these into 4" holes which must seriously de-rate tensile to failure for several reasons.
1. The epoxy insert itself is 5 3/4" or so.
2. The insert installation is quite specific on how much epoxy to add to the hole, so that when the anchor is tapped in, it is fully enveloped in epoxy. If the hole is bottomless, the epoxy will just be partly pushed into the aggregate under the slab, you won't have the entire anchor enveloped in epoxy, and you therefore won't see rated tensile performance. Maxjax has shown with their small lift that around 3300lbs of tension is exerted each of the three outside bolts, their mechanical anchors are rated at 12800lbs, and pull to fail load actual was 20000lbs. From the looks of the pics though, these were in full depth concrete...not a 4" residential slab.
The epoxy anchor properly installed is rated 26000lbs tensile...in 4000psi concrete, and 6 1/4" hole depth. That is a safety margin that allows for a lot of deviation from "correct" anchor installation. The reason lifts are not dropping left and right on marginal installs is that bolt loads even on a 10K lift are likely under 6000 lbs tensile. The minute you start going to town on a lifted car though, I'd sleep easier knowing that the much higher dynamic loads are taken care of by a large safety margin.
On the wedge type anchors, the bigger danger in a thin slab is the spalling that would occur on the underside of the slab, unseen. Concrete can take a lot more compressive force than expansive..which is what the wedge type anchor is exerting, potentially quite close to the underside surface of a slab if it is too thin, and further weakened by drilling through it. That mode of failure might give the illusion that the bolt is tensioned properly, but result in pull out under load. From Confast: "It is important to avoid having the working end of the concrete anchor too close to the bottom of the concrete. This will create an unsupported edge which will reduce the holding values of the concrete anchors."
I'm no expert here, but I did read the technical documents from Wej-it ...I also set aside the wedge anchors included with my lift and spent the $$ on the epoxy versions.