34 years in the biz and I;ve never seen a tree fail above a cable.... though I have seen many cable and hardware failures, mostly due to improper installation, and a few from lightning strikes.. the dynamic systems never got much traction around here... I've only seen a few ever.. can't say that 8-10 life expectancy does much for my opinion of them. I've seen steel cables doing they're job 25 years later.. I put em in high... try to go to 6" diameter wood whenever possible..
As far as failing above the cables our last ice storm that's where we saw well over half our damage limbs held but tops busted off to release the leverage a little bit. We are still cleaning up mother natures reduction prunes all over the place.
I worked on a 100' hickory. 2 co-dom stems by a patio on a golf course. this tree had been meticulously cared for, regular pruning some reductions etc.
My best guess from memory is main crotch was about 30' up so about 70' of tree above. The tree was in good condition but through a wind storm one half of the tree busted. Not 100% of but lets call it 95%. We had installed a Cobra cable a year or two previous to the storm and it was the only thing that saved there club house.
I didn't in my wildest dreams think that cable would have held the way it did, it stretched to about 3/8" dia. the tension was beyond belief.
That storm put my faith in cobra cables for sure. I have no numbers of weight and I'm sure that it was purely half just lucky but that it held.
I've seen others like that kind of situations lots of poplars, manitoba maples, silver maples, apples, etc. So these aren't prime species in my books but when old Mrs. Smith planted that tree 50 years ago with her husband and child that have both died and it's her memento or it's there only tree in there yard and they like it, cabling becomes an option to help prolong things.
I've only been in it about 10 years but I know you never say never.
As for the 6" wood rule that may work where you are but lots of trees I've done are cabled at tie in height cause that's the tree's height and shape so the cable can be around a wrist size anchor if that's the best option.
A cables job is to help the tree move in unison not letting co-doms leave each other past the point of no return.
The more leverage the less force needed=the less leverage the more force needed.
Cabling, pulling, rigging it's all based around that fundamental rule. (Well 1 of them there are a few more)