Might not be the prettiest thing this guy did but probably didn't cost him $200 and might have added 20% strength. I like the "bend don't break" design but not the bend when you bump something softly. Probably cost him $12 at the hardware store!
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Pretty redneck, I don't think I would want the bolt threads that low, this seems to the hit point so you want as much clearance as possible. But.. not a terrible first attempt of a strength bar.