Since I had to take the winch cable loose to clean the mud dobbers out od it, I thought I'd check the cable.
So the shackle had actually worn about half in two:

And the cable had erroded about in half as well, scary part was there was a threaded shackle that was prob 90% Gone.

Thanks to those who have gone before me, I'll be at Tractor suply Monday to buy some stainless cable.