The less metal in a recovery, the better, is true enough, but the only reasons a shackle could become a projectile in a snatch recovery are:
- shackle not rated for the job (I wouldn't use less than a 4.7T)
- shackle has been compromised (age, corrosion, mis-use)
- shackle attached to an inappropriate point on the vehicle
- shackle used to join snatch straps
All of which are easy to stay on top of.
This is mine, two 16mm plates, each with 4.7T bow shackles and hooks. The hooks are going to come off because there is more likelyhood that a hook will fail than a shackle failing. At the rear is a 50x50mm hitch receiver with shackle point. There is nothing stronger available off the shelf than this and I can't think of any reason at all why you would fit a lesser set-up - people spout about cost, but cost is irrelevant when lives are at stake. Mine ended up at about $350 all-up, plus straps etc. but I know that nothing is going to depart my car and go through someone elses window, whether I'm pulling or being pulled.