without running the numbers, or seeing your exact setup, it is almost certain that if it fails, the 2x6 joist will split along the grain near the end of your lag screws. when that happens, the load will move to other joists and a loud crack or popping noise will alert you.
the real danger in a system like this is that if that happens, but you aren't around to know or don't fix it, and then lift something else heavy later, it sill start to fail in increasingly dramatic ways. Probably it will take several of these events for it to completely fail, but it would be wrong to say that those loud noises don't matter because they have happened before
The problem is that while 2x6 SPF is quite strong when it supports a load distributed over it's whole length, point loads are particularly bad for wood. And a lag screw that goes only part way through relies on the cross-grain strength of the wood - which is much less than along the grain because of the way trees grow.
then you have lag screws that are close together. Each one produces a 'cone of influence' within the wood that starts at the tip of the screw and gets wider towards the bottom of the joist. if those two cones overlap, then the wood in that overlapping area has to support weight from both screws. the anisotropy of wood (the difference between along the grain and cross grain strength) makes these cones particularly wide and checks and knots makes them unpredictably wide.
to bear the load at all, the joist has to bend. That's how it can develop a reactionary force. The bending creates tension in the bottom part of the joist and compression in the top part. but it also creates perpendicular forces - forces that run across the grain.
in case you hadn't guessed, I am an engineer amongst other things
but taken all together, it would be a big surprise if this failed in any other way. and as long as you keep an ear out for cracking / popping sounds, and an eye out for loose or sagging lag screws, popped drywall etc. it should be safe enough.
but take all of that advice for what it is worth - a guy you have never met who claims to be an engineer on and internet forum and has never seen it
