It's strange what happened there though
Not sure what you think was "strange"
The sharing of current is proportional to the cross-sectional area of the conductor but the surface area of a conductor is proportional to the sqaure root of the CSA. So with conductors in paralell the larger conductor will tend to overheat first.
and above my paygrade but in actual fact neither of them failed as such.
I would consider a wire smoking and the insulation falling off to be "failed".
I think we all do (or should) accept that the "current carrying capacities" we work with are very conservative., They presumably represent the current which will, with the installation method used, raise the conductor temperature to its 'rated' level (usually 70°C or 90°C) - but I imagine that it would require much higher temps than that before the cable suffered any significant harm, let alone became a 'fire risk'.
While it's probablly true that ratings of the cables we work with day to day are conservative, I think it's also true that this video presents what is very much a "best case scenario" and could lull people into a false sense of security.
1. The conductors in the video were in free air and were some distance from any other conductors.
2. There was no mechanical loading on the insulation except it's own weight. Thermoplastics don't go suddenly from solid to liquid, they go soft and gooey.
In the real world, we run multi-conductor cables where at least two conductors are carrying current at any given time. We support, restrain and even handle those cables via their insulation. So the insulation has to resist not only it's own weight, but the forces placed on it by the installation and use of the cable.
And of course we protect them with fuses and breakers that don't trip the instant the current goes over their rating. There needs to be enough margin in the conductor ratings that the protective device trips before the insulation loses it's integrity.