I bought some 1/2" and 5/8" from Bailey's a few years back. They would not put eyes in it for me so I got the directions from Amsteel.com (or whatever their website is) and got the fids from a marine shop and did it myself (had a guy learn to do it). A little more about that in a minute.
Took the 1/2" with two eyes in it, and hooked it up between a Cat 941 and a Deere 650. Deere parked, brake on, tippers and blade down, pulled it backwards across a gravel parking lot. Hooked up between the Cat 941 and a Deere 850...941 spun out and dug a hole. Backed up about two feet and the rope was on the ground (not much stretch).
Sent the stuff out with a trail crew and they broke the 5/8". I think they let it go slack when it was rigged through a block, then when it went back under tension it probably picked up the block sideways and cut itself on the edge of the block. I wasn't there, so... This was done with a hand powered 8,000 lb capacity griphoist.
When you put the eyes in, the website directions say to use some sort of twine to sew the eye in place. You shoudl first put it inder tension, release the tension, then sew the eye in position before you flex the recently tensioned rope. It stretches enough to break the thread if you sew it up while it is "relaxed". Also get a heavy thimble to protect the eye.
Anyone know about tying the stuff in a knot? Marine place said go for it, it's fine, but I've never tracked down Amsteel to ask.
Never used it on a winch, but 4 wheelers use it a lot.
Edit: I forgot, I also recently bought a 600' spool of 5/8" from Acme Rigging in Ukiah. Big money (I am sure Acme gave me a good price, it's just expensive) but I do a lot of work on trails in remote areas where you've got to pack it in...worth it! Last I heard it is not being used a lot in helicopter work, anyone know why?