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Brian in answer to your other question (not using cable) I have used 3/8" diameter Dynema rope to hoist dinghies out of the water on two of my larger boats. As this rope worked I'm sure the correct tensile strength webbing could work.

The advantage od Dyneema rope is, that it is stronger than stainless cable, it stores real easy and with a couple of bowlines knots it is easy to adjust to balance the 13' BW and more economical.

I no longer have the cabin cruiser and sailboat and left the hoisting bridle on board so I can't give you dimensions, but as stated there is no crimping and heavy cutting to be done just re-knotting. I used triangular set up but only two pieces of rope.