Jazz...sorry to read further into the thread and see that you lost it. That sucks! I'm betting shear at the threads. Metal fatigue/stress is induced into the metal when threads are cut. It's often a point where shear occurs. You may have done everything right but the threads may have held the problem. I'm curious if they did any heat treating/stress relief in this area or just chromed mild grade metal plate after water cutting???
Cycle fatigue 101... Low hardness/non-heat treated metal can only flex so many times before it will crack and shear at the point of highest stress (probably at the threads). If this was untreated plate/metal, I can guarantee that it cycled 80,000 times (or more) and then sheared at the threads. That seems like a big number until you realize that you could cycle 10,000 times during a tank of gas (depending on the mounting/resonance of the part and how it mates with what looks like factory struts). Given the metal grade and the part resonant frequency, I could actually run a calculation for how long before the metal vibrated itself to death and sheared off. Years of Mechanical Engineering classes have only made me good for annoying people, chasing women off and calculating stress and fatigue. haha! Boring chit...but my point is that you can do everything right and if the part design has issues, they will become evident. Seems to me the part didn't pass your validation testing. Beware of part two if you or others misdiagnose the failure mode.
I'd bet money that the Big Dog factory Sissy Bars were heat treated and then possibly stress relieved at the threads. Makes chit expensive...but necessary! Imagine if your girl was leaning back against the bar. Ooof.