That's not the bar that ever came with the lift it's too long and they always had a welded loop to pull on like yours not a hole drilled in with a ring. Also harbor freight wouldn't spend the extra cost to paint it black.
Regardless original bar bends yes, never heard of one breaking and we have a lot of guys on this forum that have those lifts. Personally, I lower the bike overnight anyways as I'd hate to have pump issues and have the bike up in the air with no way to get it down.
The problem with using hardened steel is if it's truly hardened it will eventually snap as malleability is decreased. Whereas using a standard steel it will be more malleable therefore bends easier but won't break, in this application bending is better than breaking.