1) Errrr, dammit, this is embarassing.
To write this, I looked again at the numbers for angles on this web page and found an error. The weights and strengths of the angles have gone up a bit. The 2" x 2" x 1/4" angles now weighs 3.19 lb/ft (which checks with Online Metals) and has a section modulus of 0.245 in3.
Sorry. The difference remains - it's just a bit smaller. The web page has been updated.
2) Angles are fairly inefficient structural members in bending, whereas square tubes are really good. So for the same weight, tubes are stronger.
If you want the tech-y explanation, it's like this:
The problem with angles is that they are not symmetrical, so one side fails long before the other side is fully loaded. When bending anything, there's a point on its cross section where the stress is zero (ie, neither in compression nor in tension) - it's called the neutral axis. I find it easiest to think of the neutral axis as the 'centre of gravity' of the section (which it is). For a tube the neutral axis is in the middle, but in an angle it's much nearer the flat:
That's real data for a 2" x 2" x 1/8" tube and a 2" x 2" x 1/4" angle.
So when the angle reaches its maximum load, just before it fails, the tip of the bottom leg will be at the maximum stress, but the other leg is less than half as far from the neutral axis and so it is at less than half the maximum stress, so it's not carrying much load.
Is that clear? There will be questions later.....
Andrew