I have only had problems in the past from cables. ( Think wire in the palm of your hand, ouch!!!)
I have a cable on my winch. I replace mine often since I have the ability to make up new ones at my work avoiding the broken wire problems. I personally think the webbing straps stretch too much and if they get wet with salt water you have to rinse them out and let them dry. If you don't the drum of the winch will rust out.