The wall hasn't even woken up yet.
The bar hangs 43" off the wall, so it works like a crowbar. The top screws take the whole argument.
The bar hangs a long way off the wall, so it pries. That force lands on the top board:
315 lb on the bar works out to 417 lb trying to peel the top board off.
Holding power, per inch of thread actually buried in the stud:
A 3" screw spends 1.5" crossing the 2x6 and 0.5" in drywall, leaving 1" of grip. A 5" one gets 2.75". That's the whole toggle: 356 lb of holding power becomes 1,942 lb.
Planted, they send roughly 40% straight into the floor instead of the screws. Hovering, they send nothing anywhere.