ijoaga,
You seem to be overly concerned about the word "hysteresis". In design of comparators it is intorduced to ensure clean state switching without oscillation, which may otherwise occur if the input voltage dithers around the threshold voltage. This is normally achieved by positive feedback, which shifts the reference voltage by a pre-determined amount as the comparator changes state. This makes the comparator switch at two different voltages depending on direction of change at the input and thus introduces the hysteresis.
You state that you are trying to monitor a 50V supply system and provide a backup supply, so from the figures you have given the lower threshold for the falling voltage is 46V and the upper threshold for a rising voltage needs to be just slightly below 50V, thus you have about 4V of hysteresis.
I have designed a comparator circuit which meets these requirements and tested it with the Simetrix circuit simulation program. If you let me know your e-mail address through these pages I can send you a Word document showing the circuit diagram and the hysteresis response graphs.