I have a similar setup in the overhead doors of my garage.
Question: What are the 2 floor joists dimensions, 2x4, 2x6, 2x8? I'd be more comfortable if they were 2x6 or better and would try to span at least 3 instead of 2. Also, on the supporting wall, are the joists sitting on top of the wall header or are they butted up and possibly held in place with galvanized joist brackets or possibly just toe-nailed in? If they are on top of the header, you're fine; otherwise, I'd nail or bolt a cleat into the wall underneath the floor joist for support. Once again, I personally would be more comfortable spreading the weight across 3 joists because you'll be putting about 500lb per joist instead of 800 -big difference when it comes to wooden structures.
Also, the metal brackets to hold the suspension pipe... make sure those don't pull out. Put some beef on those brackets and if possible, 3/8" bolts all the way through from sided to side.
Sorry if this seems like overkill but better safe than sorry.
One other thing. There are times when you may need to have your fingers under a hoisted piece of equipment to screw-in leveling bolts etc. Minimize these times and ALWAYS have beefy blocks of wood thicker than your fingers under the equipment. 2x4 pine wood don't cut it. Use 4x4 fir or oak from an old pallate. Carefully layout all the equipment ou need and keep it within easy reach. Stay focused on your job. Also, avoid doing these things alone and have someone nearby as a spotter. I know this sounds silly but, if you must do it alone, keep your cell phone in your shirt pocket.
FWIW: I used to rebuild antique vertical diesel engines -most were upward of a ton. -Never had an incident but was always prepared to try to save my life.
Ray
OK, here's my idea, how does it sound?
Since I will be putting this mill as close to a bearing wall as resulting access to the machine will allow (centerline maybe 3' or so from wall), I will use two floor joists as the top member of a gantry by using the existing support on one side (the bearing wall) and about 6' from the wall I will span two joists with a 2X10 and run a 4X4 from this to the floor. I have in essence created a 6' wide gantry utilizing two joists as the top member. Then, in the middle of this 6' span I will attach a 2" pipe to the two joists using either the strongest store bought brackets I can find or make some out of 1/4" steel ( I can bend with oxy-acetylene and weld) and lag bolt these to the two joists. Then connect my 1 ton chain hoist to the middle of this pipe with a welded eye and use 6400# lifting straps to attach to the machine.