I think you misunderstand the general concept. While you're correct that a burst disc is set to blow at a SLIGHTLY higher pressure than the working pressure of the tank, the working pressure of a tank is not also the pressure at which it will rupture/fail. Tanks are hydroed at 5/3 their stamped/working pressure. An aluminum tank would be hydrostatically tested at 5000psi. So the order of march would be working pressure, burst disc pressure, hydro test pressure, tank failure pressure.
The whole idea behind a burst disc is that it blows BEFORE the tank explodes, not the other way around. But in some areas, burst discs may not be replaced regulaly and have corroded shut, and they've been deliberately disabled, or discs of significantrly higher pressure are instaklkled to allow for higher over-fills without triggering the burst disc.
No one knows the history of this particular tank. It may have been repeatedly over-filled which can induce metal fatigue. It may have been out of hydro. It may have had undetected or known-but-ignored hairline fractures. But simply put, tanks that are properly inspected and meet certain standards will not rupture at pressures less than that of a burst disc.
- Ken