The -50˚F is a 'pipe burst rating', not a freeze point. A pipe burst rating is when the liquid will freeze to the point of being able to burst a copper pipe. The rating was established by the plumbing industry in the 1930's (+/-). If you read the fine print on the jug and/or documentation on the AF provider's websites, it will state such.
Knowing this fact, companies (like West Marine) have provided guidance on the spec's for the Marine AF that they sell. Here is the info from the -50˚F AF . . .
"Ideal for regions that experience temperature ranges between 14°F to 18°F (-8°C to -10°C); for colder regions we recommend using non-toxic West Marine antifreeze with a -60°F or -100°F rating"
While a pipe burst rating of -50˚F may be fine for the iron parts of an engine, it may not be fine for plastic parts, such as raw water strainers, raw water pump bodies, distribution housings, etc.