I have been tasked with compiling the safety checks for some hoists that are part of our production equipment to ensure that they comply with the UK LOLER 1998 regulations. These state that the equipment must be checked regularly by 'a competent person' to ensure safe operating.
The equipment is a couple of hydrogen brazing furnaces which have motor operated hoists to raise/lower the shroud & bell. This picture is not the one we have but shows the general idea.

The 'box' shroud is lowered to insulate the furnace when heated & inside the shroud is a detachable bell that allows us to braze in a hydrogen/nitrogen atmosphere.
Our small furnace has a cable operated hoist & the larger one has a chain driven mechanism with a counterbalance to reduce the motor effort.
I'm OK with the mechanical checks, general wear & tear, bolt tightness, cable fraying, limit switch operation etc. But should I be looking at anything else? I thought about checking the chain for stretch but am not sure what sort of % to allow as a limit.
The equipment is old, the large furnace about 25 years, but used infrequently & I have no real worries about the safety as they seem fairly well over engineered.