Might be a bit late in replying to Rik Shaw,but when I made my elevating barrow,I never thought how useful it would prove to be. Not only does it do all the heavy lifting around the shop,but it is ideal for lifting 45KG bags of coal from my van to my store,no way could I handle those now,those days are gone ! Also,when my nabour was replacing his built-in oven recently,it proved to be ideal for handling the unit,no pulling or pushing,no grunting or cussing,just a smooth lift all under control.
So,it might be well worth while building one,you will find a new use for it every day.
Regarding the hoist,I would be inclined to use a piece of heavy wall box section or a piece of small section RSJ for the upright,neither of them would be too dear and no way will they bend or flex under load.
Sorry if this post is a bit late,but this would be my approach to the problem,since my back is not much better.