The cord might overheat due to the extra layer of plastic over the 4 conductors, this is why they offer a lower rating than THHN #6 wire is rated at.
By the way, if you stuff several #6 wires in a 2" conduit, the amp rating is de-rated from what #6 wire with only 2 conductors in a single conduit is rated at. I don't have a chart in front of me, so I can not give you an example, but it is much lower when 9 conductors are in the same conduit, the reason is that all those conductors are constantly giving off heat, and will overheat the conduit over time.
There is a exception to code regulations that allows you to use the next higher overcurrent protective device if they do not make the size that you need. So a 45 amp wire can be protected at the next up circuit breaker, or 50 amps.
Also if you have ever taken apart a electric stove, you might notice a lot of high nickle wire inside, all fused at the same 50 amps as the range, and #12 wire! It probably will have less than 20 amps going through a given wire under normal use, so it is OK. And #12 wire "Can" handle 40 amps if it has the correct high temperature insulation, and is in free air! Voltage drop might be a problem over a distance more than a couple of feet.
You will be fine with the #6 wire at 50 amps. Even #8 wire at 50 amps will work for short durations. For what it is worth, most homes in the United States have #4 wire as a service conductor for a typical 100 amp home service. Normally rated at only 70 - 90 amps, there is a exception for a home service where #4 is good for 100 amps max overcurrent protection. In a business, they would require #2 wire at 100 amp service. The exception is for homes, not apartment buildings or businesses.
And the wire going to your #4 in your home might be #8 wire from the electric company pole. Just two copper wires wrapped around a steel conductor to hold up the other wires.
Fred.
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Porsche or Country Coach!
If there's a WILL, I want to be in it!
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