Exactly, anything can fail if it's overloaded. The goal is to find that limit, and it is validated by this kind of testing.
The front wing is a good example, a certain amount of flex is allowed, and no team would be foolish not to exploit this to the maximum. And since you don't want to construct a part too heavy, you want to build it to last just one predicted amount of time/or certain cycles of stress.
I just adore the 7 post rig, it's functions and how it's utilized. What's really cool is that during a race weekend, the data from the cars on track is fed back to the factory, and that data is used with the rig to refine the setup for the car. Drive the car in practice, feed the data back to the factory, the technicians and engineers work all night on setups, feeed the new data back to the team, and in the morning, the team has all kinds of fresh data they can input into the car to enhance performance.