Some more information per NDS 2018, Commentary Section C3.8.2 - Tension Perpendicular to Grain:
"Average strength values for tension perpendicular to grain that are available in reference documents (181, 183) apply to small, clear specimens that are free of shakes, checks and other seasoning defects. Such information indicates that tension design values perpendicular to grain of clear, check- and shake-free wood may be considered to be about one-third the shear design value parallel to grain of comparable quality material of the same species (9). However, because or undetectable ring shakes, checking and splitting that can occur as a result of drying in service, very low strength values for the property can be encountered in commercial grades of lumber. For this reason, no sawn lumber tension design values perpendicular to grain have been published in the Specification..."
So, if I were to run some real numbers on this and not rely on vague language concerning what light, medium, and heavy loads are, I would perhaps take one third the shear parallel to grain value published by the LVL supplier and use that as a tension perp. to grain value. I would be hesitant to use this value for sawn (non-engineered) lumber considering the above language and the much higher likelihood of undetectable defects versus an engineered product. In terms of throwing around rough numbers (don't hold me accountable), if the shear parallel to grain value of the LVL is 285 psi, then tension perp. to grain would be 95 psi. Considering a 4-ply LVL (7" wide), then for every foot of beam length, the beam can support about an 8,000 lbs force (7in x 12in x 95 psi) applied perp. to grain. I don't know if this is the full story, though. Considering that there is also horizontal shear forces acting in addition to the perp. tension, it seems that the 8,000 plf may be too high. Still, if we took only 1 percent of this value, it seems that that alone would be adequate to support the lintel in this case.
Curious what others think.