A boom vang or kicking strap is defined to be an item of rigging by the class rules:
Then, in the ERS (equipment rules of sailing), we see that rigging is something that works in tension only (not compression):F.6 RUNNING RIGGING
F.6.2 CONSTRUCTION
(a) MANDATORY
(2) Mainsail boom kicking strap
So that's why the IOM vang cannot hold the boom up...F.1.4 Rigging
Any equipment attached at one or both ends to spars, sails or other rigging and capable of working in tension only.