MT:
You’re confusing shear pins with solid stops, and you have essentially a solid stop. The solid stop leads to small time durations to stop and small deflections or deformations which lead to very high impact loads or stresses. Shear pins intentionally shear, absorbing some of the energy in their shearing failure, over some distance and time in the process, and thus the forces are much smaller to stop the fall.
I would have to know much more about how this system is structured and operates, but a few thoughts...
1. Put pressure actuated check valves right at the lifting cylinders, so that if you break a hydraulic hose, the cylinders are held right there.
2. Lower the 3" solid stop pin so you can put in a couple smaller shear pins above the solid stop, and let them act as the operating stops for the cradle guides, or as pins that really do fail in shear if the whole sorter falls. They are replaceable fail-safe parts.
3. I assume the inner plates on the lifting guide are wear plates against the HSS column? Under the outer plates (castings?) with the lifting and load carrying bosses, just outside of your downward force arrows, install vert. plates about the same thickness as the plates with the bosses. Cut an inverted ‘Vee’ notch in these plates a couple inches high, which will engage a shear pin (maybe your 3" stop pin) shortly above the bottom edge of this new plate. Then if a failure occurs your system will rip these new plates at the tip of the ‘Vee,’ thus absorbing energy in the process, over some time and over some travel, and decreasing the magnitude of the forces involved. Again, these new plates are fail-safe replaceable parts.
4. Does your 3" pin weaken the HSS column? It will be driven down in the column wall in a failure and cause buckling and bearing failure of the column walls. You said... 533k/{(2x3")(.25" wall thick.)} = 355ksi bearing stress. That’s a pretty substantial bearing stress. Whatever you do, you don’t want to cause a column failure or you may have an even bigger failure on your hands. Some system which absorbs energy and lessens the magnitudes of the forces is called for to prevent this.