"Has anyone actually heard of the cable failing leading to lever into pavement syndrome?"
Tornado,
Not me personally but from old parts that I had collected. I had repaired a brake pedal with evidence to the result of a brake cable failure. Prior to re-chroming a bunch of parts, I use heat, to a cherry red, to re straighten the foot pad which was bent out at about 45 degrees and had to add weld to the front leading edge to build the steel back up from the road rash where it made contact. Once I filed and polished it up then re-chromed you couldn't tell where the damage that was done. I probably cost me more for time and labor than to buy a new one and just bin it but.
It was fun and my time and welding was my own.
If you install the spring as in Post #10 you will not ever have a drop if the cable ever breaks. It's really a no brain er.
Cheers,
Thomas