My old pontoon boat had two 6" wide nylon slings, and a small dent appeared last year in one of the toons. In 1985, everyone was using slings.
This morning, I completed fabricating and installing a 11' x 18' frame made out of 4" channel iron with 5 crossmembers. The boat's sitting on two pairs of 2x8's bolted lengthwise to the frame. The total cost was about $500, and I put it all together with short sections of 2" angle iron and 1/2" grade 8 bolts/nuts. My frame looks better than any of my neighbors' lifts, and I didn't pay $2K+ to a marine contractor to fabricate and install a frame with a barge, tug and crane. I hauled 500 lbs. of steel to the dock on a PWC trailer pulled by a 4x4 ATV.
I've been using Ace lifts for 30 years, and their 2" pipe (the steel cable winds around) is best installed crossways (not lengthwise) with a bearing opposite of the lift. The rear of my boat is supported by cables going through large pulleys. This installation gives an extra foot or two clearance for a bimini top. Pontoons need about 12 1/2' boathouse ceilings above normal pool levels of the lake.
My frame only takes up a total 5.5 inches of water depth if it's sitting on the bottom. That's the best you can do. Slings just don't work.
My boathouse now looks great, and I can get the new Bennington 4' out of the water with the bimini folded down. I'm just tired of drilling dozens and dozens of 3/8" and 1/2" holes. But doing marine construction is very rewarding. You have to be very careful with every step with 1/2" electric drills and extension cords laying around the dock.
Good luck!