Very nice, JVC

That technique has been described a few times in the past.
I have also used it several times - safe/secure/convenient.

Here is the lowest price I could find for that 2-ton "lift".
(but, they cleverly make you wait until registering before they tell you shipping cost)

I bought mine from Harbor Freight (maybe 15-20 years ago).

One-ton lifts are cheaper (and will pull/lift/hoist a Stovebolt engine).

I have lifted/pulled a stovebolt engine and an SM420 4-speed transmission (or, a heavier Hydra-Matic transmission) quite easily with a 2-ton lift.