"Both"
Lifters,
Universal placed the lifting ring in that particular place because it is about the best balance point, (Neil can probably verify this). Having said that, if for some reason, even if it's just a confidence booster, you would feel better with more support, just add a decent quality ratchet strap around the oil pan and connect both ends to the lifting hook. Only snug it up enough to ease a little of the load and if the unthinkable happens (ring or stud failure) then the strap will absorb the weight.
Tom
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