Magnetic core in transformer can saturate with excessive current. (or said more precisely, as it approaches saturation) It's not only the voltage that matters. Please read what I said simply as "insufficient design." I didn't run material analysis, flux density calculations, or measure wire gauges.
I should measure the wire size. That's a good idea.
Indeed. A critical analysis would be instructive.
I expect they work fine though most of the range on an easy, simple, resistive load, especially intermittently but as soon as you try running motors or battery chargers or other horrible loads through them, like trying to troubleshoot an SMPS or something, they're useless... I've been told by a reliable personal friend who is an EE that you can even see the obvious core saturation on current peaks on at least one particular example, although I have never actually attempted to verify this myself on my meager equipment stash and wouldn't spend my own money on one of those things just to test it, even though there are presumably several variations of that same design coming out of one factory with unknown, varying quality levels, as is customary for Chinese factory goods.
Personally I've seen a blown up Chinese model one in person, but I didn't blow it up.
I've also used many, many old boat-anchor ones, including some complete rust buckets and don't recall ever having an actual problem or witnessing any fault in any one in actual operation including some chassis-mount ones in fairly harsh environments.
I helped fix a couple of pieces of ones for a friend of mine years ago or else I never would have even seen the internal mechanics of the old ones, they normally
just work.
They were "for repair/parts" type units with obvious smashing, breakage and general smooshy-smashage from a whole discarded box of them, but at the difficult-to-argue-with price of free, then .-- .... -.-- .-- --- ..- .-.. -.. -.-- --- ..- -. --- - ..--..