I look at it in 3 ways (Warning: Engineering geek comments to follow

):
1) Ultimate Durability - Though I do not have any definitive testing, I will say this - Tom Bihn uses their 200d Halyon as an INTERIOR lining while the other bag uses a similar 210d fabric for its EXTERIOR. This says something IMHO about the equivalent durability and how each company feels about its use.
That being said, Tom Bihn has used 200d as an exterior material in earlier bags like the Synapse but had discontinued this when the stronger 420d Halcyon was made available. Note that the PCBP and PCSB are 200d normally as well so they can be good for exterior material for daypacks while travelling - just not up to the constant use on a daily basis (e.g. work) unless carried a bit more carefully.
2) How it looks over time - Even if the bag is still usable, you may not want to use the bag as it looks banged up, unprofessional or shabby (frayed edges, small holes, discoloration, stains, etc). In my experience, TB bags still look almost new even after 10+ years of hard use. This is why even 10+ year old bags still retain their value. For the 1050d Ballistic Nyon, note the HT in the description as well. HT stands for High Tenacity which means that it has been made in such a way as to resist heat damage more (Heat / Friction is what "burns" your bag when it is rubbed against something causing the damage you see).
3) How light it is - Based on the bags you are looking at, even the TB 1050d A45 is at least 1 lb lighter with the Halcyon version almost 1/2 the weight (I estimate that the wheels have something to do with this). To me, this explains the use of the lighter fabric - to keep weight down at the sacrifice of overall durability (I am only assuming which bag model you are looking at based on volume so if I am wrong, I apologize).
In short, I would say the 210d of the other bag is equivalent in strength to Tom Bihn's 200d PCBP or PCSB (not to confuse you but they also made/make 400d versions). But, even the TB 200d Halycon has a grid of super strong (stronger than steel and almost unbreakable) threads (the Halcyon / Dyneema part) which puts it above other similar denier materials. The 1050d ballistic and 400d Halcyon would be a lot stronger (and in this case also lighter) than the bag you are looking at.
In the end, it is still about striking a balance between lightness (material), convenience (wheels / backpack, etc) and durability (material). I would not presume what your balance is but mine is for durability before lightness and convenience.
Hope this helps
Cheers!